Kraken is providing as much as a 2% deposit bonus in October for any buyer that deposits $1,000+ in money or crypto throughout October. The deposit bonus will fluctuate from 1% to 2% relying on whole deposits throughout all prospects, with the unusual rule that when $500 million in whole mixture deposits are made and the complete 2% deposit is triggered, your complete promo ends instantly, so you should have participated by then. The bonus will then be paid inside 14 days after the promo ends, of their USDG stablecoin.
Web deposits are calculated by whole money and crypto deposited, minus withdrawals throughout the promotion interval. Your deposits earn a 1% match charge, which may enhance as much as 2% primarily based on group progress. The ultimate charge is about primarily based on the full group internet deposit worth on the finish of the promo (Oct 31 or when $500M is reached).
You should hold your internet deposits at Kraken via November 1st, 2026. You’ll be able to commerce your deposit, and market fluctuations are okay so long as you don’t withdraw any funds. Full phrases right here.
Kraken is greatest generally known as a crypto trade, however as of early 2025 they now provide US inventory buying and selling beneath Kraken Securities via a partnership with Alpaca (press launch). The phrases say which you could commerce your deposits, so technically I don’t see why you couldn’t transfer your money to Kraken, purchase a T-Invoice ETF like SGOV or VBIL (present SEC yields ~4.11% and 4.12%), and principally earn as much as a further 2% APY in your money for a 12 months.
A 2% deposit bonus for a 12-month maintain is a reasonably whole lot. For me, the primary catch is that it’s important to belief the US regulatory businesses that handle SIPC insurance coverage in case Kraken Securities fails throughout the subsequent 12 months. ETFs held in an SIPC brokerage account are positively higher than an uninsured crypto account, however I simply fear it might be messy, so I’d most likely dimension my danger (deposit quantity) accordingly.
In the event you haven’t already, you also needs to seize Kraken’s $75 new crypto account bonus and 30 days of free cash spins, the place I earned nearly $20 in random crypto like DOGE and PEPE:
