#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 is part of Kraken's efforts as one of the FTX creditor funds distribution partners to help users reinvest their received USD funds into crypto and reduce their trading costs. New users will receive a corresponding Kraken Fee Waiver (KFEE) based on the amount of funds received when purchasing crypto on Kraken Pro, which will be credited to their accounts upon receiving the FTX distribution.
Ace Hot Topic Analysis
Analysis
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. Therefore, new users will not have to pay any trading fees when buying up to $50,000 worth of crypto on Kraken Pro. Depending on the amount of funds received, users will receive a certain amount of Kraken Fee Credits (KFEE) which will be credited to their accounts upon receiving the FTX distribution. This initiative aims to help FTX creditors more conveniently reinvest their received funds into the crypto market and attract more users to the Kraken platform.
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 aims to attract FTX creditors as users of its platform and encourage them to reinvest their recovered funds into the crypto market.
Kraken's trading fee waivers can be up to $50,000, which could be an attractive offer for creditors with smaller amounts of funds.
Kraken's move could help drive the development of the crypto market and attract more users into the space.