#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken recently announced a crypto trading fee waiver for FTX creditors. New users who choose Kraken to receive funds from FTX can buy up to $50,000 worth of crypto for free on Kraken Pro. Kraken said it is offering this benefit because FTX creditors will be receiving USD, and to reduce the cost for users to reinvest that money into crypto. Users will receive a certain amount of Kraken trading fee waiver based on the amount of funds they receive, which will be credited to their account after they receive their FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a trading fee waiver for FTX creditors to encourage them to reinvest their received funds into the cryptocurrency market. Kraken was chosen as one of the partners to distribute funds to former FTX customers, and since these payouts will be made in USD, Kraken wants to minimize the cost for users to reinvest this money into crypto. Therefore, new users who choose Kraken to receive 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. The amount of the waiver will be based on the amount of funds received and will be credited to the customer's account upon receipt of the FTX distribution. This initiative aims to attract FTX creditors to choose the Kraken platform and provide them with a more convenient cryptocurrency investment experience.
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 is aimed at attracting FTX creditors and encouraging them to invest their funds on the Kraken platform.
Kraken offers up to $50,000 in trading fee waivers to attract users to use its platform for crypto trading.
Kraken's move could help it gain a larger market share in the crypto trading market.