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Benzinga
Benzinga
Business
Samyuktha Sriram

Kraken To Give Out $10M In Bitcoin To Clients Impacted By Ukraine Crisis

Kraken Ukraine Russia United States U.S.-based

Major U.S.-based crypto exchange Kraken plans to distribute $10 million worth of Bitcoin (CRYPTO: BTC) to Ukraine-based clients impacted by the Russian invasion.

What Happened: Kraken said Wednesday that clients who created an account from Ukraine prior to March 9, would be eligible to receive as much as $1,000 in Bitcoin (CRYPTO: BTC) each. Users would be able to immediately withdraw these funds from the exchange and any currency conversion fees would also be waived.

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