#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for customers receiving funds from FTX, with new users able to buy up to $50,000 in crypto for free on Kraken Pro. This is a promotional policy launched by Kraken, as one of the distribution partners for FTX creditors' funds, to help users reinvest their allocated funds in crypto. Based on the amount of funds received, users will receive a certain amount of Kraken trading fee waiver, which will be credited to their accounts upon receiving 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 FTX creditors. As these payouts will be made in USD, Kraken wants to minimize the cost for users to reinvest this money back into crypto. Therefore, 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 attract FTX creditors to choose the Kraken platform and provide them with a more convenient way to reinvest their funds.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Kraken offers trading fee waivers to FTX creditors to encourage them to invest their allocated funds in crypto.
Kraken's move aims to lower the cost for FTX creditors to reinvest their USD funds into crypto.
Kraken offers up to $50,000 in fee-free trading for new users to attract more users to its platform.
Kraken's move could help it attract more users and increase its trading volume.