#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a trading fee waiver for creditors who received funds from FTX. New users will be exempt from trading fees when purchasing up to $50,000 worth of cryptocurrencies on Kraken Pro. This initiative aims to help FTX creditors reinvest the received funds more conveniently in the cryptocurrency market. Kraken will provide a corresponding trading fee waiver based on the amount of funds received by the creditors, and it will be credited to the customer's account upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a cryptocurrency trading fee waiver of up to $50,000 for customers receiving funds from FTX. As one of the partners in the distribution of funds to FTX creditors, Kraken hopes to help users reinvest their received funds more conveniently into the cryptocurrency market by waiving trading fees. New users will receive a Kraken Fee Credit (KFEE) based on the amount of funds received when purchasing cryptocurrencies on the Kraken Pro platform, which will be credited to their accounts upon receipt of the FTX distribution. This initiative aims to reduce the cost for users to reinvest their USD funds into the crypto market, attracting more FTX creditors 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 aims to attract FTX creditors and encourage them to choose Kraken as their funds receiving platform.
Kraken offers up to $50,000 in trading fee waivers to attract users to trade crypto on Kraken Pro.
Kraken's move could help it attract more users and expand its market share.