#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for new users receiving funds from FTX, up to $50,000. Kraken was selected as one of the partners to distribute funds to former FTX customers, and to help users reinvest these funds into crypto, Kraken is offering these users a free trading incentive. Users can purchase up to $50,000 worth of crypto on Kraken Pro without paying any trading fees. The fee waiver amount will be based on the amount of funds received by the user and will be credited to the customer's account upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver of up to $50,000 for new users receiving funds from FTX. This is a convenience measure provided by Kraken as one of the FTX creditor fund distribution partners, aiming to minimize the cost for users to reinvest their USD funds into cryptocurrencies. Specifically, new users who choose Kraken to receive funds from FTX will receive a certain amount of Kraken trading fee waiver (KFEE), depending on the amount of funds received, and will be credited to the customer's account upon receipt of the FTX distribution. This measure is intended to encourage FTX creditors to reinvest their funds in the crypto market and attract more users to choose the Kraken platform for trading.
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 former FTX customers and encouraging them to keep their funds in the crypto market.
Kraken offers up to $50,000 in trading fee waivers for new users, encouraging them to use the Kraken platform for trading.
Kraken's move could help boost the development of the cryptocurrency market and attract more users into the market.