#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. Depending on the amount of funds received, customers will receive a certain amount of Kraken Trading Fee Credits (KFEE) which will be credited to their accounts upon receiving 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. Kraken was chosen as one of the partners to distribute funds to former FTX customers. To minimize the cost for users to reinvest these funds in crypto, Kraken is offering a fee waiver for new users who choose to receive funds from FTX, allowing them to purchase up to $50,000 worth of crypto on Kraken Pro without paying any trading fees. The specific amount of the waiver will depend on the amount of funds received and will be credited to the customer's account upon receipt of the FTX distribution. This initiative aims to attract FTX creditors and provide them with a more convenient trading experience, while also helping Kraken attract more users.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Kraken offers trading fee waivers to FTX creditors to encourage them to reinvest their allocated funds into the cryptocurrency market.
Kraken's move aims to attract former FTX customers and help them utilize their allocated funds more effectively.
Kraken's trading fee waiver policy will help FTX creditors minimize trading costs and encourage them to participate in the cryptocurrency market.
Kraken's move could help stabilize the cryptocurrency market and attract more users to the Kraken platform.