US Exclusive Promo, $50 BTC

OFFICIAL TERMS AND CONDITIONS

BY PARTICIPATING IN THIS PROMOTION, YOU AGREE TO THESE OFFICIAL TERMS AND CONDITIONS (“TERMS”) AND TO THE KRAKEN.COM TERMS OF SERVICE. THESE TERMS FORM A BINDING CONTRACT BETWEEN YOU AND THE SPONSOR. PLEASE READ CAREFULLY.

1. Sponsor
    The sponsor of this Promotion is Payward Interactive, Inc. (“Sponsor,” “Kraken,” “we,” “us,” or “our”).
2. Eligibility
    Open only to natural persons who: (a) are legal residents of the United States, excluding residents of New York and Maine; (b) are at least 18 years old or the age of majority in their state of residence, whichever is greater; (c) successfully open a new Kraken Consumer account and complete any required identity verification (KYC/AML) during the Promotion Period; and (d) otherwise comply with Kraken’s Terms of Service and these Terms. Void where prohibited or restricted by law.
   
3. Promotion Period
    Begins at 12:00 a.m. Eastern Time on October 28, 2025 and ends at 11:59 p.m. Eastern Time on December 4, 2025 (the “Promotion Period”). Announced changes take effect as stated in any notice we provide (e.g., in-app message, site notice, or email).
4. How to Qualify; Reward
    During the Promotion Period, an eligible individual who, within the same Promotion Period: (i) opens a new Kraken Consumer account; (ii) completes all required KYC/AML verification; and (iii) executes spot crypto trades totaling at least US$100 in notional value (the “Qualifying Trade”), will receive one (1) promotional reward of US$50 in Bitcoin (BTC) (the “Reward”). Limit one (1) Reward per person/account for the life of the Promotion. Rewards will be credited within fourteen (14) business days after Sponsor verifies eligibility and Qualifying Trade activity. Sponsor may substitute a reward of equal or greater value, in its discretion, if BTC is unavailable or impracticable.
5. Exclusions; Non-Qualifying Activity
    The following do not count toward a Qualifying Trade and/or may render an account ineligible: futures, margin, staking, stablecoin-to-stablecoin conversions, off-platform transfers, wash trades, self-dealing, referral gaming, VPN circumvention, or any manipulative, fraudulent, or non-bona fide activity (as determined by Sponsor in its sole discretion). Sponsor may further exclude any transaction type or instrument if required by law, regulation, platform risk, or integrity concerns.
6. Account Status; Clawback
    Accounts must be active, verified, and in good standing at the time of Reward issuance. Sponsor may withhold or claw back any Reward (including by reversing credits or debiting assets of equivalent value) if: (a) eligibility is not satisfied; (b) prohibited conduct is detected; (c) the account is closed, suspended, or restricted; or (d) these Terms or Kraken’s Terms of Service are violated.
7. Taxes and Reporting
    Participants are solely responsible for all taxes associated with the Reward. Sponsor may require completion of tax forms (e.g., Form W-9) and may issue IRS Form 1099 or other tax reporting as required by law. Failure to timely provide required information may result in forfeiture.
8. No Transfer; No Cash Alternative
    Rewards are not transferable and no cash alternative or substitutions are permitted, except as expressly provided in Section 4.
9. Publicity
    Except where prohibited, acceptance of a Reward constitutes permission for Sponsor and its designees to use participant’s name and general location for advertising and promotional purposes without further notice or compensation.
10. Compliance; Policies; Platform Changes
     Participation is conditioned on compliance with applicable laws and regulations, Kraken’s Terms of Service, and platform rules, which may change over time. Sponsor may modify platform features, supported assets, trading pairs, or eligibility criteria, in whole or in part, with or without notice, where permitted.
11. Privacy
     Personal information will be processed in accordance with Kraken’s Privacy Notice at https://www.kraken.com/legal/privacy.
12. General Conditions
     Sponsor reserves the right, in its sole discretion, to cancel, suspend, or modify the Promotion (in whole or in part) if fraud, technical failures, force majeure, legal or regulatory changes, market disruption, or any other factor impairs the integrity or proper functioning of the Promotion, or makes continuation illegal, impracticable, or inconsistent with Sponsor policies. Sponsor’s decisions are final and binding on all matters related to the Promotion. If any provision of these Terms is held invalid or unenforceable, the remaining provisions will remain in full force and effect.
13. Release and Limitation of Liability
     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 Reward. This release does not apply to claims that cannot be released as a matter of law. IN NO EVENT WILL THE RELEASED PARTIES BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, LOST DATA, OR BUSINESS INTERRUPTION, even if advised of the possibility. Some jurisdictions do not allow limitations/exclusions; in such cases, the above may not apply to you to the extent prohibited.
14. Dispute Resolution; Arbitration Agreement; Class Action Waiver
    All Disputes arising from this Promotion are subject to binding individual arbitration under the Federal Arbitration Act, administered by the American Arbitration Association pursuant to its Consumer Rules. Class actions and class arbitrations are not permitted. Small-claims court carve-out applies.
15. Governing Law; Venue for Non-Arbitrable Claims
     Delaware law governs; San Francisco County, California courts for any claim not subject to arbitration.
16. Notices
     We may provide notices regarding the Promotion by posting to kraken.com, via in-product messages, by email to the address associated with your account, or through our support portal. You are responsible for keeping your contact information current.
17. Entire Agreement; Modifications; No Waiver
     These Terms, together with the Kraken Terms of Service and any Promotion-specific disclosures we provide, constitute the entire agreement with respect to the Promotion. We may modify these Terms prospectively by notice. A failure to enforce any provision is not a waiver.
18. Headings; Interpretation
     Headings are for convenience only and do not affect interpretation. “Including” means “including without limitation.” In case of conflict between these Terms and any marketing materials, these Terms control.