• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Kraken Assists Former FTX Clients with Fee-Free Trading

user avatar

by Giorgi Kostiuk

10 months ago

Kraken steps up to assist former FTX clients by offering them fee-free trading up to $50,000.

Benefits for Kraken Clients

Eligible users choosing Kraken for their payouts gain access to up to $50,000 in fee-free crypto trading on Kraken Pro. Additionally, clients will receive bonus credits up to $105, depending on the amount of their recovered funds.

FTX Investigation and Fallout

FTX filed for bankruptcy in November 2022 after being valued at $32 billion. The fund distribution process managed by Kraken and BitGo is set to begin in January, with payouts expected within 60 days of the plan’s effective date. FTX’s founder and former CEO, Sam Bankman-Fried, was sentenced to 25 years for fraud and mismanagement.

New Opportunities from Backpack

Former Alameda Research and FTX employees founded the cryptocurrency exchange Backpack, which acquired FTX EU. The agreement allows Backpack to manage the distribution of funds to FTX EU customers and plans to launch its European services in Q1 2025. The new entity will provide crypto-derivative trading services.

Kraken and other participants continue to play a role in recovering lost funds for FTX clients, offering various opportunities and support initiatives.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Infrastructure Supports APEING's Growth

chest

Solana's high-speed blockchain is the foundation for APEING's potential success.

user avatarDavid Robinson

South Korea Proposes Bill Targeting VASP Shareholders with Criminal Records

chest

South Korea proposes a bill targeting VASP shareholders with criminal records to enhance investor safety and solidify its status as a crypto hub.

user avatarAndrew Smith

Solana Faces Significant Market Downturn Compared to Bitcoin, XRP, and Ethereum

chest

Solana is experiencing a significant market downturn, with nearly 75% of its circulating supply held at a loss, unlike Bitcoin, XRP, and Ethereum which have lower loss percentages.

user avatarJacob Williams

XO Token: The Backbone of XOCIETY's Economy

chest

The XO token is a crucial component of XOCIETY's in-game economy, enabling players to earn real-time rewards through various gameplay activities.

user avatarZainab Kamara

XOCIETY Secures $16 Million for Upcoming Early Access Launch

chest

XOCIETY has secured $16 million in funding to support its upcoming Early Access release on the Epic Games Store.

user avatarAyman Ben Youssef

XOCIETY: A Unique Blend of Shooter and RPG Mechanics

chest

XOCIETY is an innovative third-person shooter that incorporates RPG mechanics, set in a captivating sci-fi world where player decisions significantly influence the game environment and long-term progression.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.