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, 4:19 PM

Updated Aug 21, 2021, 6:54 PM

Election 2024 coverage presented by

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Tanzeel Akhtar

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about