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.

Jun 29, 2021 at 4:19 p.m. UTC
Updated Sep 14, 2021 at 1:18 p.m. UTC

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.
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