Cryptocurrency exchange Kraken said it has reduced deposit fees to zero across all its more than 70 digital assets, starting today.
- The reduction is expected to bring more stability to pricing between Kraken and decentralized finance (DeFi) protocols and applications, Kraken said.
- “By cutting out deposit fees, clients can experience the lowest possible friction on their crypto journey,” said Jeremy Welch, chief product officer at Kraken.
- Kraken said it is preparing for its long-term ambition to provide DeFi products and services from the exchange.
Read more: Kraken to No Longer Offer Margin Trading for US Investors Who Don’t Meet ‘Certain’ Requirements