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Crypto Exchange Kraken Slashes Deposit Fees Across All Digital Assets to Zero
Kraken said it is preparing to provide DeFi products and services from the exchange, a long-term ambition.
Updated Sep 14, 2021, 1:18 p.m. Published Jun 29, 2021, 4:19 p.m.
Cryptocurrency exchange Kraken said it has reduced deposit fees to zero across all its more than 70 digital assets, starting today.
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- 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
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