Kraken Introduces Premium Membership "Kraken+" for Cost-Savvy Crypto Investors

Cryptocurrency exchange Kraken has unveiled a new premium membership tier, Kraken+, aimed at individual investors seeking to minimize trading fees and maximize returns on stablecoin holdings. Launched with a 30-day free trial, this offering provides fee-free trading up to $10,000 monthly and enhanced APR on USDG stablecoins, marking a strategic move to attract retail traders in a competitive market.

Kraken Rolls Out Premium Membership for Investors

Cryptocurrency exchange Kraken launched a new premium membership called Kraken+, targeting individual investors who want to reduce trading fees and earn higher returns on stablecoin holdings. For a monthly fee of $4.99, Kraken+ users can trade up to $10,000 per month without incurring trading fees, and earn up to 4% APR for holding Global Dollar (USDG). The exchange is also offering a 30-day free trial to let users test out the new tier.

Ethereum ICO Whale Offloads $23M in ETH Amid Price Plunge

An Ethereum ICO whale who had been inactive for five months made two big transactions on Kraken. The whale deposited 14,000 ETH worth $23.15 million when its price was declining and further deposited 7,000 ETH ($10.21M) an hour later. The whale still holds 23,070 ETH ($34.5M) and has been offloading the tokens during steep price drops. Strategic selling activities from the whale have led analysts to wonder when an industry bottom could occur.