#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for customers receiving funds from FTX. New users will not have to pay any trading fees when buying up to $50,000 worth of crypto on Kraken Pro. As one of the partners in the distribution of funds to FTX creditors, Kraken hopes to help users reinvest their USD funds received from FTX into the cryptocurrency market more conveniently by waiving trading fees. Kraken will provide a corresponding trading fee waiver based on the amount of funds received by the customer and will credit it to the customer's account after the customer receives the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for new customers receiving funds from FTX, up to $50,000. 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, users will receive a certain amount of Kraken Trading Fee Credits (KFEE), which will be credited to their accounts upon receiving the FTX distribution. This move aims to help FTX creditors more conveniently reinvest their 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 and encourage them to choose Kraken platform for trading.
Kraken offers up to $50,000 in trading fee waivers to attract users to its Kraken Pro platform.
Kraken's move could help it attract more users and enhance its competitiveness in the crypto trading market.