#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver of up to $50,000 for new customers receiving funds from FTX. 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 waiver will be based on the amount of funds received 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 of up to $50,000 for customers receiving funds from FTX. This is part of Kraken's efforts as one of the partners distributing funds to FTX creditors, aiming to help users reinvest their received USD funds 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 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 any trading fees. Based on the amount of funds received, users 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 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 users to reinvest their funds into crypto.
Kraken's move is aimed at attracting former FTX customers and encouraging them to keep their funds in the crypto market.
Kraken's trading fee waivers can be up to $50,000, which is a good benefit for users with small amounts of funds.
Kraken's move could help stabilize the crypto market and attract more users to participate.