Cryptocurrency exchange Kraken has introduced a new initiative for clients who receive funds from FTX on its platform. These clients will be eligible for fee credits, allowing them to trade up to $50,000 in cryptocurrency without incurring trading fees. Kraken was previously chosen as a partner for distributing funds to former FTX clients, aiming to reduce the cost of converting US dollar payouts into cryptocurrencies. Eligible clients will receive up to $105 in Kraken trading fee credits, based on the amount of funds received, which can be used exclusively on Kraken Pro. The fee credits will be accessible within days of the deposit.



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