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Claim Zero-Fee Crypto Trading with Kraken: Up to $50K for FTX Creditors

January 09, 2025

Kraken Makes Reinvesting FTX Payouts Easy with Zero-Fee Crypto Trading

Kraken, the cryptocurrency exchanges used by millions, has been selected as a partner involved in distributing funds to former FTX clients. As part of this effort, Kraken is offering a unique opportunity to minimize the costs for those looking for new reinvestment opportunities in the crypto market, specifically.

Since these payouts will be in U.S. dollars, Kraken is making it super simple for clients looking to convert those funds into cryptocurrency without additional trading fees. Interested in finding out more? Let's dive in!

kraken and ftx creditors

New clients who select Kraken to receive their FTX funds will receive credits to purchase up to $50,000 in crypto on Kraken Pro, the platform’s advanced trading interface. These credits can be used to purchase crypto without incurring any trading fees, making it a cost-effective option for anyone looking to re-enter the market.

Additionally, eligible clients can receive up to $105 in Kraken trading fee credits (KFEE), proportional to the funds they receive from FTX.

Once the FTX distribution process begins, clients can complete the necessary steps by accessing the FTX Debtors’ Customer Portal and selecting 'Kraken' as their preferred partner for receiving funds.

Requirements

To qualify for this initiative, clients in supported jurisdictions must complete Kraken’s full onboarding and identity verification process.

Once the funds are deposited, the fee credits will be available in their account within a few days. These credits can then be used on Kraken Pro.

Final Thoughts

If you’re a former FTX client looking to reinvest your funds, Kraken now offers a seamless way to do so, with zero fees through Kraken Pro, where you can access up to $50,000 in fee-free crypto trading.

Overall, this new and exciting initiative provides a cost-effective solution for those looking to switch things up and re-enter the crypto market, all which benefiting from Kraken's top-tier platform features.

Rivalry: Crypto Guides & News

Rivalry: crypto guides and news

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