#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a 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. To help users reinvest their received USD funds into crypto, Kraken has opted to waive trading fees for new users, allowing them to purchase up to $50,000 worth of crypto on the Kraken Pro platform for free. The specific 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 users receiving funds from FTX, up to $50,000. Kraken was chosen as one of the partners to distribute funds to former FTX customers, and since these payouts will be in USD, Kraken wants to minimize the cost for users to reinvest this money into crypto. Therefore, 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. Depending on the amount of funds received, users will receive a certain amount of Kraken Trading Fee Credit (KFEE), which will be credited to the customer's account upon receiving the FTX distribution. This initiative 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 them to reinvest their funds into crypto.
Kraken's move is intended to attract FTX creditors as users of its platform and encourage them to use the funds they receive for crypto investments.
The trading fee waivers offered by Kraken can reach up to $50,000, with the specific amount depending on the amount of funds received by the creditor.
Kraken becoming one of the partners for distributing funds to FTX creditors could help it attract more users and expand its market share.