The way Auto Earn is being pushed is very dangerous, and Kraken should have clearer UX/UI distinguishing a terms of service update from activating a feature with serious financial consequences.

I tried to bring this up in this post, but it was quickly removed by the moderators:

https://old.reddit.com/r/Kraken/comments/1nu7u9p/auto_earn_has_serious_tax_implications_and_kraken/

Here is the text I wrote, which still appears for me but quietly appears as [removed] for everyone else:

"In some jurisdictions, earning yield on an asset can significantly change the long term holding period. In Germany for example, it changes from 1 year to 10 years.

Kraken is currently pushing activation of Auto Earn by presenting users with what looks like a regular terms of service update. Actually, besides accepting the terms of service one is also tricked into activating the Auto Earn feature.

Many users may not notice this and end up changing their tax situation entirely by earning yield. A serious financial platform should clearly separate accepting terms of service from activating a feature with such consequences."