#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for customers receiving funds from FTX, with new users on Kraken Pro receiving fee-free trades on up to $50,000 in crypto purchases. This move aims to help FTX creditors more conveniently reinvest the funds they receive back into the cryptocurrency market. Customers will receive a certain amount of Kraken trading fee credit based on the amount of funds received, which will be credited to their accounts upon receiving the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for FTX creditors, aiming to help them reinvest the funds they receive from FTX back 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 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 move aims to attract FTX creditors to choose the Kraken platform and provide them with a more convenient trading experience, while also helping them reinvest their funds into the cryptocurrency market, thereby promoting market development.
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 cryptocurrencies.
This move by Kraken aims to attract FTX creditors and encourage them to use the Kraken platform for cryptocurrency trading.
The fee waivers offered by Kraken can be up to $50,000, which is a good deal for creditors with smaller amounts of funds.
This move by Kraken could help it attract more users and expand its market share.