#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for new users 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 users choosing Kraken to receive 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. The amount of the waiver will be based on the amount of funds received by the user and will be credited to the customer's account upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for new clients receiving funds from FTX, up to $50,000. This is a measure taken by Kraken, as one of the funding distribution partners for FTX creditors, to help users reinvest the USD funds they receive into crypto. Kraken stated that since these payouts will be in USD, they want to minimize the cost for users to reinvest this money into crypto. Therefore, new users who choose Kraken to receive 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. The amount of the waiver will depend on the amount of funds received and will be credited to the client's account in the form of Kraken Trading Fee Credits (KFEE). This initiative aims to attract FTX creditors to choose Kraken as their funding receiving platform and help them reinvest their funds into the crypto market more conveniently.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Kraken offers trading fee waivers for FTX creditors, aiming to reduce the cost for users to reinvest their funds into crypto.
Kraken's fee waiver initiative aims to attract FTX creditors to choose Kraken as their funds receiving platform.
Kraken's fee waiver can be up to $50,000 and applies to cryptocurrency trading on the Kraken Pro platform.
Kraken's fee waiver will be issued in the form of Kraken Trading Fee Credit (KFEE) and will be credited to customers' accounts upon receipt of FTX distribution.