Kraken Introduces Fee-Free Trading for FTX Creditors
Kraken Initiates Support for FTX Creditors
- Kraken has launched a program offering fee-free crypto trading for eligible FTX users receiving payouts through its platform.
- The initiative aims to facilitate the reintegration of FTX customers into the crypto market post-bankruptcy.
- Eligible clients can receive up to $105 in trading fee credits (KFEE) based on their FTX payout amounts.
- Credits apply to Kraken Pro, covering spot trading, margin trading, and staking, allowing users to avoid transaction costs.
- FTX repayments began on January 3, with eligible users expected to receive funds within 60 days, starting with claims of $50,000 or less.
- The approved reorganization plan seeks to compensate 98% of users with payouts exceeding their declared holdings.
Kraken continues to focus on user-friendly services and robust security measures established since its founding over 13 years ago.