Official Rules

Margin Activation Collateral Promotion

This Margin Activation Collateral Promotion (the "Promotion") requires eligible participants to enroll in the Promotion and then activate margin trading on their Kraken Pro account, as described below. This is not a game of chance, and no lottery, raffle, or random-selection element is involved. Participation requires enrolling in the Promotion and activating margin trading on your Kraken Pro account, as described in Section 4. No entry fee or payment is charged to enroll. Eligible customers who satisfy the requirements in Section 8, enroll during the Enrollment Period, and activate margin trading within the Activation Window will receive the Credit described in Section 6, subject to these Terms and Conditions (these "Terms").

1. Sponsor

This Promotion is sponsored by Payward Interactive, Inc. ("Sponsor" or "Kraken"). Rewards under this Promotion will be paid by Payward Interactive, Inc. or an affiliate of Payward Interactive, Inc. acting on its behalf 

2. Eligible Areas

The Promotion is open to eligible customers residing in the United States, excluding Maine and New York. Void where prohibited.

Participation is limited to customers individually identified by Sponsor and enabled for the Promotion. Residency in an eligible area does not by itself confer eligibility.

3. Promotion Period

The Promotion begins on September 21, 2026 at 14:00 UTC.

  • Enrollment Period: 21 days from the start of the Promotion, ending October 11, 2026 at 23:59 UTC. After the Enrollment Period closes, no further enrollments will be accepted.
  • Activation Window: each participant has 10 days from the date they enroll to activate margin trading. A participant who does not activate margin trading within their Activation Window will not receive the Credit, and their enrollment will lapse.

Because Activation Windows run from each participant's individual enrollment date, a participant's Activation Window and Credit Use Window may extend beyond the close of the Enrollment Period. Sponsor reserves the right to modify these dates as set out in Section 15.

4. How to Participate

Participation requires two steps:

  1. Enroll. An identified eligible customer must enroll in the Promotion through the rewards hub on the Kraken Pro promotions screen during the Enrollment Period.
  2. Activate margin trading. Following enrollment, the participant must complete Kraken's US retail margin onboarding requirements and become margin-enabled on their Kraken Pro account within their 10-day Activation Window.

Enrollment alone does not entitle a participant to the Credit.

5. Reward Distribution

There is no random selection, judging, or competitive element under this Promotion. Each enrolled participant who activates margin trading within their Activation Window will receive the Credit described in Section 6, issued automatically to their Kraken account. Credit amounts are fixed by tier and are not randomised.

A participant's tier is assigned by Sponsor at the time the eligible-customer list is compiled, based on the customer's 30-day spot trading volume as measured at that time. Tier assignment is final and is not recalculated on the basis of activity during the Promotion Period.

6. Reward

Eligible participants will receive non-withdrawable trading collateral credit (the "Credit") to their Kraken account, in the amount corresponding to their assigned tier:

  • 30-day spot volume tier — lower band: $100 Credit
  • 30-day spot volume tier — upper band: $250 Credit

The Credit:

  • is not cash and has no cash redemption or withdrawal value;
  • counts solely toward margin equity for purposes of enabling margin trading and does not increase a participant's withdrawable account balance;
  • is non-transferable and may not be sold, exchanged, or assigned;
  • expires at the end of the Credit Use Window described in Section 3 if unused, at which point it is debited from the participant's account;
  • may enable additional buying power depending on applicable leverage, margin requirements, and market conditions in effect at the time of use; any specific buying-power figures referenced in marketing materials are illustrative only, are not guaranteed, and do not represent a projection of trading outcome; and
  • is subject to Kraken's Margin Trading Terms and all applicable margin requirements, which may change and may affect the buying power actually available.

Total Credit issued under this Promotion will not exceed approximately iin the aggregate. Credit is issued while the aggregate amount remains available. Sponsor may close the Promotion to further participation once that amount is reached.

Spot margin trading is provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by an affiliated lender.

7. Kraken Account and KYC Requirement

To receive the Credit, a participant must, at the time of issuance, hold a Kraken Pro account in good standing and have completed at least Intermediate KYC verification, plus any additional verification required by Kraken or applicable law, including the verification required to become margin-enabled. A participant who does not satisfy this requirement will not receive the Credit, or will have any issued Credit voided, as applicable.

8. Eligibility

To be eligible for the Promotion, a customer must, as determined by Sponsor:

  • be a natural person and retail individual account holder (no institutional, corporate, or entity accounts);
  • have an active Kraken Pro account for at least the preceding 90 days;
  • have executed at least 5 trades in the preceding 30 days;
  • never have previously executed a margin or futures trade on Kraken;
  • be margin-eligible under Kraken's standard account and jurisdictional requirements;
  • reside in an eligible area as set out in Section 2; and
  • have been identified by Sponsor and enabled for the Promotion.

Employees, officers, directors, and contractors of Kraken and its affiliates, and their immediate family members and household members, are not eligible to participate. By enrolling, you agree to these Terms and to Kraken's Terms of Service (https://www.kraken.com/legal/global-terms). You represent that your participation does not violate any law or regulation applicable to you.

9. Disqualification

Sponsor may disqualify any participant, and void any Credit issued to that participant, if Sponsor determines, in its sole discretion, that the participant has: (a) provided false or misleading information; (b) used multiple accounts or accounts not held in their own name; (c) engaged in wash trading, self-trading, or any other activity intended to artificially inflate trading volume or trade count to qualify for the Promotion or a higher credit tier; (d) used bots, scripts, or other automated or fraudulent means to enroll in, qualify for, or exploit the Promotion; or (e) otherwise attempted to circumvent these Terms.

A participant who enrolls but does not activate margin trading within their Activation Window is not disqualified; their enrollment simply lapses and no Credit is issued.

10. Credit Issuance

Credit issuance is automated. Sponsor will attempt to issue the Credit immediately upon a participant becoming margin-enabled following enrollment. Because issuance occurs on Sponsor's internal systems, exact issuance timing may vary and Sponsor does not guarantee immediate availability. The Credit Use Window described in Section 3 runs from [issuance / enrollment — resolve alongside the open item in Section 3]. Sponsor is not responsible for a participant's failure to use the Credit within that window.

11. Consents and Data

By enrolling, you consent to Sponsor's use of your account and transaction data as necessary to administer the Promotion, including to determine eligibility, tier assignment, enrollment status, and Credit issuance, and to communicate with you about the Promotion via email, push notification, and in-app messaging. Sponsor's Privacy Policy governs the collection and use of your personal data in connection with the Promotion.

12. Disclaimers

Sponsor is not responsible for any technical failure, outage, or interruption of the Kraken platform that affects a participant's ability to enroll, activate margin trading, receive the Credit, or use the Credit within the applicable window. Sponsor's obligations under this Promotion are subject to force majeure, including events beyond Sponsor's reasonable control.

MARGIN TRADING RISK WARNING

Margin trading involves borrowing funds to increase your trading position and involves a high degree of risk. Trading on margin can amplify both gains and losses, and you may lose more than the amount of collateral you have provided, including the Credit. Margin trading may not be suitable for all customers. Before activating margin trading, review Kraken's Margin Trading Terms and ensure you understand the risks, including the potential for margin calls and liquidation of your positions.

13. Limitation of Liability, Disputes, and Governing Law

To the maximum extent permitted by law, by participating you release and hold harmless Sponsor, its parents, subsidiaries, affiliates, and their respective officers, directors, employees, and agents (collectively, the "Released Parties") from any and all claims, damages, losses, liabilities, costs, and expenses arising from or related to your participation in the Promotion or receipt, use, or misuse of any Credit. IN NO EVENT will the Released Parties be liable for indirect, incidental, special, consequential, exemplary, or punitive damages. 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 DOLLARS ($25.00).

You and Sponsor agree to resolve any Dispute through binding individual arbitration administered by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules, as modified herein. The seat of arbitration is Wilmington, Delaware, USA. The Federal Arbitration Act governs. Pre-arbitration informal resolution period: 60 days from written Notice of Dispute. You may opt out of this arbitration agreement within 30 days of first participating. CLASS AND REPRESENTATIVE ACTION WAIVER: Each party may bring claims only in its individual capacity and not as a plaintiff or class member in any class proceeding.

14. Taxes

Any tax liability arising from receipt or use of the Credit is solely the participant's responsibility. Sponsor does not provide tax advice. Sponsor may be required to report the value of Credit issued to a participant to applicable tax authorities where required by law.

15. General Terms

Sponsor reserves the right to modify, suspend, or terminate the Promotion, or these Terms, at any time, including changing the Promotion Period, Enrollment Period, Activation Window, tier structure, or Credit amounts, for reasons including but not limited to suspected fraud, technical failure, or legal or regulatory requirements, subject to applicable law. All decisions by Sponsor regarding the Promotion are final. If any provision of these Terms is held invalid or unenforceable, the remaining provisions will remain in full force and effect. These Terms do not create any employment, agency, partnership, or joint venture relationship. Participation in the Promotion does not entitle a participant to any future promotion.