Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Official Rules

Margin Incentive

BY PARTICIPATING IN THE PROMOTION, YOU AGREE TO THESE OFFICIAL RULES AND THE KRAKEN.COM TERMS OF SERVICE, WHICH EACH FORM A CONTRACT. READ THEM CAREFULLY BEFORE ENTERING.

1. Sponsor

This promotion ("Promotion") is sponsored by Tulip HoldCo Ltd., located at 2nd Floor, Water's Edge Building, Wickhams Cay II, Road Town, Tortola, British Virgin Islands ("Sponsor" or "Kraken").

2. Eligible Areas

This Promotion is open to eligible customers in jurisdictions where Kraken services and margin trading are available, excluding the United States, the United Kingdom, all European Economic Area (EEA) member states, and Canada. Where local laws prohibit participation in this type of promotion, residents of those areas are not eligible. Void where prohibited.

3. Promotion Period

The Promotion begins on May 8, 2026 at 1400 UTC and ends on May 15, 2026 at 23:59 UTC (the "Promotion Period"). Sponsor's computer is the official time-keeping device for this Promotion. Qualifying trades must be completed within the Promotion Period to be eligible. Trades made before the Promotion Period begins do not count toward the threshold.

4. How to Participate / Qualifying Activity

Eligible participants will receive a personalised margin volume target during the Promotion Period. To qualify for a reward, a participant must reach their assigned margin trading volume target within the 7-day Promotion Period.

Only margin trading volume counts toward the target. Stablecoin pair trades are excluded. Volume is measured on a cumulative basis across the Promotion Period. Trades made before the Promotion Period begins do not count.

Participants do need to enrol first to be eligible for the reward — eligibility and volume targets are determined automatically based on each participant's trading activity. One reward per eligible Kraken account.

Upon completing their volume target, qualifying participants will receive one BTC giftbox. The reward amount is determined by an automated random draw at the moment of qualification. Possible reward amounts are:

$5, $10, $15, or $80 in BTC
$5, $15, $30, or $150 in BTC

The probability of each outcome is the same across all participant groups: base prize (60%), mid prize (25%), high prize (12%), maximum prize (3%). These probabilities apply independently to each qualifying participant at the time of their draw.

5. Reward

Qualifying participants receive one BTC giftbox. The reward amount is determined by an automated random draw at the moment the participant completes their qualifying volume target. The possible reward amounts are listed in Section 4. The exact amount is not disclosed in advance of the draw.

Rewards are denominated and credited in BTC at the BTC/USD exchange rate at the time of crediting. Sponsor reserves the right to substitute a reward of equal or greater value if the specified reward becomes unavailable.

Rewards have no cash value and are non-transferable. Participants may not sell, trade, or transfer their reward.

6. Eligibility to Participate

To be eligible to receive a reward, participants must:

Hold an active Kraken Pro account in good standing at the time of qualification and reward distribution
Comply with Kraken's Terms of Service (https://kraken.com/legal/terms-conditions)
Be a resident of an eligible geo as defined in Section 2
Not have used a VPN or other means to circumvent geo restrictions

7. Disqualification

Sponsor reserves the right to disqualify any participant who:

Engages in wash trading, self-funding, self-dealing, or any manipulative or fraudulent trading activity
Operates multiple accounts to circumvent the one-reward-per-account rule
Uses a VPN or other means to circumvent geographic restrictions
Violates Kraken's Terms of Service or any applicable law or regulation
Provides false or misleading information in connection with the Promotion

Sponsor's decisions regarding disqualification are final and binding. Disqualified participants forfeit any reward.

8. Reward Distribution

Rewards will be credited to the qualifying participant's Kraken account within 14 days of the qualifying trade. Rewards are subject to a 30-day withdrawal hold from the date of credit. Participants will be notified via the Kraken app (Rewards Hub) when their reward is available.

Sponsor is not responsible for any delays in reward distribution caused by technical issues, network congestion, or circumstances beyond Sponsor's reasonable control.

9. Consents and Approvals

By participating, participants consent to the collection and use of their personal data in accordance with Kraken's Privacy Policy, available at https://kraken.com/legal/privacy. Participants agree that Sponsor may use their participation data for promotional, analytical, and compliance purposes.

10. Disclaimers

This Promotion is subject to all applicable federal, state, and local laws and regulations. Sponsor is not responsible for lost, late, misdirected, or incomplete entries; technical failures of any kind; typographical or other errors in the printing, offering, or announcement of any reward; or any combination thereof.

Cryptocurrency trading involves significant risk. Participation in this Promotion does not reduce or eliminate the risks associated with margin trading. Trading on margin involves significant risk and may not be suitable for all investors. You could lose more than your initial investment. Spot margin trading products are offered by Payward Trading Ltd, incorporated in the British Virgin Islands (BVI). This content is for informational purposes only and does not constitute financial or investment advice. Product availability may vary by jurisdiction. Please ensure you fully understand the risks involved before trading. Past performance is not indicative of future results.

In the event of conflict between these Rules and any marketing materials, these Rules shall control.

11. Limitation of Liability, Disputes, and Governing Law

By participating in this Promotion, you agree to and hereby release and hold harmless Tulip HoldCo Ltd.and its affiliates, officers, directors, employees, and agents (collectively, "Kraken") from any damage, injury, death, loss, claim, action, demand, or other liability ("Claims") that may arise from your acceptance, possession, and/or use of any Prize or your participation in this Promotion, regardless of whether such Claims exist at the time of entry or arise at any time thereafter.

TO THE EXTENT PERMITTED BY APPLICABLE LAW:

(1) ANY AND ALL CLAIMS, JUDGMENTS, AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED, IF ANY, NOT TO EXCEED TWENTY-FIVE US DOLLARS (USD $25.00). ATTORNEYS' FEES ARE NOT RECOVERABLE;

(2) YOU WAIVE ALL RIGHTS TO SEEK PUNITIVE, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES, OR LOST PROFITS; AND

(3) YOUR REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES ONLY.

Dispute resolution and governing law are governed by the Kraken Terms of Service applicable to you, available at https://www.kraken.com/legal/global-terms, including all dispute resolution and governing law provisions contained therein.

By participating, you agree to those provisions as they apply to your relationship with Kraken. If you are uncertain which Terms of Service apply to you, please visit https://www.kraken.com/legal.

12. Taxes

Participants are solely responsible for all taxes, duties, and levies arising from receipt of a reward, including any income tax or capital gains tax. Sponsor will comply with applicable tax reporting requirements. Participants should seek independent tax advice if required.

13. General Terms

Sponsor reserves the right to modify, suspend, or terminate this Promotion at any time for any reason, including if fraud, technical failures, or any other factor beyond Sponsor's reasonable control impairs the integrity or proper functioning of the Promotion. If terminated early, Sponsor will, where feasible, distribute rewards to eligible participants who qualified before the termination date.

If any provision of these Rules is found to be invalid or unenforceable, that provision shall be modified to the minimum extent necessary to make it enforceable, and the remaining provisions shall continue in full force and effect.

Sponsor's failure to enforce any right or provision of these Rules shall not constitute a waiver of that right or provision.

These Rules constitute the entire agreement between the participant and Sponsor with respect to the Promotion and supersede all prior or contemporaneous communications.

14. Contact

For questions about this Promotion, please contact Kraken Support at https://support.kraken.com.

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