#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken is offering crypto trading fee waivers of up to $50,000 for new users who choose to receive funds from FTX. This is because Kraken has been selected as one of the partners to distribute funds to former FTX customers, and 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 on purchases of up to $50,000 worth of crypto on Kraken Pro. The specific amount of the waiver will depend on the amount of funds received and will be credited to customers' accounts after they receive their 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 is part of Kraken's initiative as one of the partners distributing funds from FTX, aiming to help users reinvest their received USD funds back into crypto. Specifically, new users who choose Kraken to receive funds from FTX will receive a certain amount of Kraken Fee Credit (KFEE) based on the amount of funds received, which will be credited to their accounts upon receiving the FTX distribution. This move aims to reduce the cost for users to reinvest their USD funds into crypto, encouraging them to continue participating in the crypto market.
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's move aims to attract FTX creditors as users of its platform and offer more attractive trading conditions.
Kraken's trading fee waivers can be up to $50,000, providing a certain financial benefit to FTX creditors.
Kraken's initiative could help promote the development of the cryptocurrency market and attract more users to participate in trading.