#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for new customers 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 buy 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 new customers who choose to receive funds from FTX. 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, to reduce the cost for them to reinvest these funds into crypto, Kraken has chosen to offer fee waivers for new customers, allowing them to purchase up to $50,000 worth of crypto for free on the Kraken Pro platform. Specifically, customers 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 after receiving the FTX distribution. This initiative reflects Kraken's support for FTX creditors and also demonstrates Kraken's determination to attract new users.
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's trading fee waivers can be up to $50,000, making it an attractive offer for users with smaller funds.
Kraken's move could help boost its platform's visibility and user base.