#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 customers who choose to receive funds from FTX. This is because Kraken was 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. 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 for new users receiving funds from FTX, up to $50,000. This initiative aims to help FTX creditors reinvest the funds they receive more conveniently in the cryptocurrency market. Kraken stated that since FTX creditors will receive USD, and they may want to reinvest these funds into cryptocurrencies, Kraken hopes to reduce their trading costs by waiving trading fees. Specifically, new users who choose Kraken to receive funds from FTX will receive a certain amount of Kraken trading fee credit (KFEE), the amount of which will be determined based on the amount of funds received and will be credited to the customer's account after receiving the FTX distribution. This move indicates that Kraken is actively seeking the support of FTX creditors and hopes to attract more users through this event.
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 cryptocurrencies.
Kraken hopes to attract FTX creditors to its platform by offering fee-free trading and encourage them to invest in the crypto market.
Kraken's move aims to attract new users and enhance its competitiveness in the crypto trading market.
Kraken's fee-free policy will allow FTX creditors to purchase up to $50,000 worth of cryptocurrencies at a lower cost.