#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver of up to $50,000 for new customers receiving funds from FTX. 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, customers will receive a certain amount of Kraken Fee Credits (KFEE) credited to their account upon receiving the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for FTX creditors to encourage them to reinvest the funds they receive from FTX back into the crypto market. New users who choose Kraken to receive funds from FTX will receive a fee waiver, allowing them to buy up to $50,000 worth of cryptocurrencies for free on Kraken Pro. Kraken said that since FTX creditors will be receiving USD, they want to minimize the cost for users to reinvest that money into crypto. Depending on the amount of funds received, users will receive a certain amount of Kraken trading fee credit (KFEE), which will be credited to their accounts upon receiving the FTX distribution. This move is seen as a strategy for Kraken to attract FTX creditors and expand its user base, while also demonstrating Kraken's confidence in the future of the crypto market.
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 them to reinvest their funds into crypto.
Kraken hopes to attract FTX creditors with fee-free trading, encouraging them to choose Kraken platform for their transactions.
Kraken's fee-free policy will help FTX creditors maximize their funds and reduce the cost of investing in crypto.
Kraken's fee-free policy is a strategy to attract new customers and solidify its position in the cryptocurrency trading market.