According to the official announcement, Kraken said it was selected as one of the partners to distribute funds to former FTX customers. Since these expenditures will be paid in US dollars, it hopes to minimize the cost of users reinvesting this money in cryptocurrencies. Therefore, new users who choose Kraken to receive funds from FTX will receive fee credits, enabling them to purchase up to $50,000 in cryptocurrencies on Kraken Pro without paying any transaction fees. Depending on the amount of funds received, a certain amount of Kraken transaction fee credit (KFEE) will be obtained, and it will be credited to the customer's account after receiving the FTX allocation.