We have been selected as one of the partners for distributing funds to former FTX clients. Since these payments will be in US dollars, we want to minimize the cost of reinvesting this money into crypto for those who decide to trust us.
New customers who choose Kraken to receive their funds from FTX will receive fee credits that allow them to purchase up to $50,000 worth of crypto on Kraken Pro without paying trading fees. Proportionate to the amount of funds received, they will receive up to $105 in Kraken Trading Fee (KFEE) credits. These will be credited to the client’s account upon receipt of the FTX distribution.
To ensure that clients receive their funds at the start of FTX distributions, they can complete the necessary steps through the FTX Debtors Client Portal (and by selecting Kraken.
To be eligible, customers in supported jurisdictions must ensure they complete the full onboarding and identity verification process. Fee credits will be available in the account within a few days of receiving the deposit. Fee credits can only be used on Kraken Pro, the one-stop destination for accessing spot, margin, and staking trading, all in one powerful interface. For more information about KFEE, please see this article on our Help Center.
Customers who choose Kraken will benefit from the best possible business and customer experience as well as world-class security. Our platform gives you access to deep liquidity, tight spreads, and a dedicated 24/7/365 support team via chat, phone, and email. All backed by a world-class security team that continues to raise the bar by setting the highest security standards to protect your assets.
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken does not and will not endeavor to increase or decrease the price of any particular crypto-asset it makes available. Some crypto products and markets are regulated and others are not; In any event, Kraken may or may not be required to be registered or otherwise authorized to provide specific products and services in each market, and you may not be protected by government compensation programs and/or regulatory protections. The unpredictable nature of crypto-asset markets can result in losses of funds. Taxes may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply. See legal notices for each jurisdiction here.
