#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for customers who choose it as their FTX funds distribution partner, allowing them to buy up to $50,000 worth of crypto on Kraken Pro for free. This move aims to help FTX creditors reduce costs when reinvesting the USD funds they receive back into crypto. Kraken will provide a corresponding trading fee waiver based on the amount of funds received by the customer and credit it to their account upon receiving the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for new customers receiving funds from FTX, up to $50,000. This comes after Kraken was chosen as one of the partners to distribute funds to former FTX customers. As these payouts will be made in USD, Kraken wants to minimize the cost for users to reinvest this money into crypto, so new Kraken users receiving funds from FTX will receive a fee waiver, allowing them to purchase up to $50,000 worth of crypto on Kraken Pro without paying any trading fees. Depending on the amount of funds received, users will receive a certain amount of Kraken Trading Fee Credits (KFEE), which will be credited to their accounts upon receiving the FTX distribution. This move aims to help FTX creditors more conveniently reinvest their received funds into the crypto market and attract more users to the Kraken platform.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Kraken offers trading fee waivers to FTX creditors, aiming to reduce the cost for users to reinvest their funds into crypto.
Kraken's move aims to attract FTX creditors as users of its platform and boost its trading volume.
Kraken's trading fee waiver is capped at $50,000, with the specific amount depending on the amount of funds received.
Kraken's initiative may attract some FTX creditors, but ultimately the choice of platform depends on the user's own needs and preferences.