We were selected as one of the partners for the distribution of funds to former clients of FTX. Since these payouts will be in U.S. dollars, we want to minimize the cost of reinvesting that money into crypto for those who decide to put their trust in us.
New clients that select Kraken to receive their funds from FTX will receive fee credits that allow them to buy up to $50,000 in crypto on Kraken Pro without paying any trading fees. Proportional to the amount of funds received, they will receive up to $105 in Kraken trading fee credits (KFEE). These will be credited to the client’s account upon receipt of the FTX distribution.
To ensure clients receive their funds when FTX distributions start, they can complete the necessary steps through the FTX Debtors’ Customer Portal (https://claims.ftx.com) and selecting Kraken.
To be eligible, clients in supported jurisdictions should ensure they complete the full onboarding and identity verification process. The fee credits will become 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 trading and staking – all in one powerful interface. For more information on KFEE please visit this article on our Support Center.
Clients that select Kraken will benefit from the best possible trading and client experience and world class security. Our platform gives you access to deep liquidity, tight spreads and a dedicated 24/7/365 support team through chat, phone and email. All backed by a world class security team that continues to raise the bar on setting the highest standards of security to protect your assets.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
