According to the official announcement, Kraken stated that it has been selected as one of the partners to allocate funds to former FTX customers. Since these expenditures will be paid in US dollars, they aim to minimize the cost for users to reinvest this money into cryptocurrencies. Therefore, new users who choose to receive funds from FTX through Kraken will receive a fee waiver, allowing them to purchase up to $50,000 in cryptocurrencies on Kraken Pro without paying any transaction fees. Based on the amount of funds received, a certain amount of Kraken trading fee credits (KFEE) will be granted and will be credited to the customer's account after the FTX allocation is received.