#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a trading fee waiver for creditors who received funds from FTX. New users will be exempt from trading fees when purchasing up to $50,000 worth of cryptocurrencies on the Kraken Pro platform. This initiative aims to help FTX creditors reinvest the received funds more conveniently in the cryptocurrency market. Kraken will provide corresponding trading fee waivers based on the amount of funds received by creditors and credit it to customer accounts upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for new customers receiving funds from FTX, up to $50,000. This decision 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. Therefore, new customers 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. Based on the amount of funds received, customers will receive a certain amount of Kraken Trading Fee Credit (KFEE), which will be credited to their accounts upon receiving the FTX distribution. This initiative aims to help FTX creditors more conveniently reinvest their received 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 aimed at attracting former FTX customers and helping them reinvest their funds into the crypto market.
Kraken offers up to $50,000 in free trading for new customers, encouraging them to use the Kraken platform.
Kraken's move could help boost its platform's visibility and user base.