#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for new customers who choose to receive funds from FTX, up to $50,000. This is part of Kraken's initiative as one of the partners distributing funds from FTX to help users reinvest their USD funds into crypto. New users will receive a certain amount of Kraken trading fee credit, credited to their accounts upon receiving the FTX distribution, allowing them to buy up to $50,000 worth of crypto for free on Kraken Pro.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver of up to $50,000 for customers receiving funds from FTX. This initiative aims to help FTX creditors more conveniently reinvest the funds they receive into the cryptocurrency market. Kraken was reportedly chosen as one of the partners to distribute funds to former FTX customers. As these payouts will be made in USD, Kraken hopes 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 for free on Kraken Pro. Specifically, users will receive a certain amount of Kraken trading fee credit (KFEE) based on the amount of funds they receive, which will be credited to their accounts upon receiving the FTX distribution. This move is considered a strategy for Kraken to attract new users and solidify its position in the crypto trading market, while also demonstrating its support and assistance to FTX creditors.
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 use the Kraken platform.
Kraken's fee-free policy is only available to new users and has a maximum limit of $50,000.
Kraken's fee-free policy is one of its strategies to become a distribution partner for FTX creditors' funds.