We have been selected as one of FTX’s partners to distribute funds to its former clients. Because these payouts are made in US dollars, we want to minimize the cost of reinvesting that money in cryptocurrency for those who decide to trust us.
New customers who choose Kraken to receive funds from FTX will receive a fee credit to purchase up to $50,000 in cryptocurrency on Kraken Pro without paying transaction fees. You will receive up to $105 in Kraken Trading Fee Credits (KFEE) proportional to the amount of funds received. This will be credited to the customer’s account upon receipt of FTX distribution.
To ensure that customers receive their funds when FTX distribution begins, simply select Kraken through the FTX Debtor’s Customer Portal (https://claims.ftx.com) and complete the required steps.
To be eligible, customers in supported jurisdictions must ensure they have completed the full onboarding and identity verification process. Fee credits will be available in your account within a few days of receiving your deposit. Fee Credits are only available on Kraken Pro, your one-stop destination for access to spot, margin trading, and staking in one powerful interface. For more information about KFEE, see this article in our Support Center.
Customers who choose Kraken benefit from the best transaction and customer experience and world-class security. Our platform offers generous liquidity, tight spreads and access to a dedicated 24/7/365 support team via chat, phone and email. Everything is backed by a world-class security team that continually raises the highest security standards to protect your assets.
These materials are provided for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptocurrency or to engage in any particular trading strategy. Kraken does not and will not seek to increase or decrease the price of any particular cryptocurrency it offers. Some cryptocurrency products and markets are regulated, while others are not. Nonetheless, Kraken may or may not be required to register or obtain approval to offer certain 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 cryptocurrency market may result in loss of funds. Taxes may be levied on the appreciation and/or reporting of your cryptocurrency assets and you should seek independent advice regarding your tax position. Geographic restrictions may apply. Please check the legal disclosures for each jurisdiction. here.