#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for new clients 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 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. The amount of the fee waiver will be based on the amount of funds received and will be credited to the client's account upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver of up to $50,000 for new customers who choose to receive funds from FTX. This initiative aims to help FTX creditors more conveniently reinvest the funds they receive into the cryptocurrency market. Kraken stated that since FTX creditors will receive funds in USD, to minimize the cost for users to reinvest this money into crypto, 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. Specifically, users will receive a certain amount of Kraken Trading Fee Credit (KFEE) based on the amount of funds received, which will be credited to their accounts upon receiving the FTX distribution. This initiative reflects Kraken's support for FTX creditors and aims to provide them with a more convenient trading experience, encouraging them to continue participating in the cryptocurrency 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 users to reinvest their funds into crypto.
Kraken's move aims to attract FTX creditors and encourage them to invest their funds on the Kraken platform.
Kraken offers up to $50,000 in trading fee waivers to attract users to use its platform for crypto trading.
Kraken's move could help drive the development of the crypto market and attract more users to participate in crypto trading.