Kraken ACATS Transfer Promotion (April 2026) – Official Rules

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”), a Delaware corporation with its principal office at 1209 Orange St., Wilmington, DE 19801.

Securities transferred through ACATS will be held in accounts carried by Kraken Securities, LLC, a member of FINRA and SIPC. Rewards under this Promotion are offered and paid by Payward Interactive, Inc., which is not a FINRA or SIPC member firm and is not FDIC insured.

2. Eligibility

The Promotion is open only to natural persons who:

  • Are legal residents of the United States, excluding residents of New York or Maine;

  • Are 18 years of age or older or the age of majority in their state of residence, whichever is greater;

  • Maintain or successfully open a Kraken account (Consumer or Pro) and complete required intermediate identity verification;

  • Successfully open and be approved for a Kraken Securities brokerage account if they do not already have one; and

  • Otherwise comply with the Kraken Terms of Service, these Terms, and applicable law.

Void where prohibited or restricted by law.

3. Promotion Period

The Promotion begins at 14:00 UTC on April 1, 2026 and ends at 13:59 UTC on April 30, 2026 (the “Promotion Period”).

Sponsor reserves the right to modify, suspend, or terminate the Promotion at any time in its sole discretion where permitted by law.

4. How to Participate

To qualify for the Promotion, eligible participants must complete the following steps during the Promotion Period:

  1. Enroll in the Promotion and ensure the Kraken or Kraken Pro mobile application is updated to the latest version.

  2. Open and be approved for a Kraken Securities account if the participant does not already have one.

  3. Request and complete one or more ACATS transfers of eligible assets from an external brokerage account into the participant’s Kraken Securities account during the Promotion Period.

  4. Ensure that their net ACATS transfer amount equals at least USD $5,000 equivalent during the Promotion Period.

  5. Ensure that Fully Paid Stock Lending (FPSL) is enabled and remains enabled in the Kraken Securities account throughout the Promotion Period.

Multiple ACATS transfers may be combined to reach the required threshold.

Maximum eligible net ACATS transfer amount per participant: USD $1,000,000 equivalent.

Only ACATS transfers completed after enrollment and during the Promotion Period qualify.


5. Reward

Eligible participants who satisfy the participation requirements will receive a transfer bonus paid in USDG based on their respective net ACATS transfer amount during the Promotion Period.

Reward percentages:

  • 1% bonus for all eligible participants.

  • An additional 1% bonus for participants who are Kraken+ subscribers at the time the reward is calculated.

Kraken+ subscribers may therefore receive a total bonus of 2% on their net ACATS transfer amount respectively. The maximum reward per participant is USD $20,000 worth of USDG.

The reward amount is calculated using:

Total eligible ACATS transfers during the Promotion Period minus any withdrawals during the same period (“Net ACATS Transfer Amount”).

Participants must maintain at least $5,000 in Net ACATS Transfer Amount at the conclusion of the Promotion Period to qualify.

The transfer bonus is not earned and will not be deemed payable until after the Promotion Period ends and eligibility is verified.

6. Reward Distribution and Holding Period

Eligible rewards will be credited automatically within fourteen (14) days after the end of the Promotion Period.

Rewards will be credited to the participant’s Kraken account in USDG.

USDG rewards:

  • Must remain on the Kraken platform for one (1) year from the date of distribution before becoming eligible for withdrawal.

  • May be used for trading on Kraken during the holding period.

At the end of the one-year holding period, the reward becomes withdrawable only if:

  • The participant’s Net ACATS Transfer Amount remains equal to or greater than the amount used to calculate the original bonus, and

  • If the participant received the additional 1% bonus reward for Kraken+ subscribers, they remain subscribed to Kraken+ for the entire holding period.

Participants will be notified of reward distribution via email and/or their Kraken account interface.

7. Withdrawals and Clawbacks

If at any time before the end of the one-year holding period a participant withdraws below their net eligible transfers, the associated bonus will be automatically clawed back.

Participants will have a 14-day grace period to restore their Net Transfer Amount before the clawback is executed.

Sponsor reserves the right to reverse or recover rewards in cases of:

  • Violation of these Terms or the Kraken Terms of Service

  • Fraudulent, manipulative, or abusive conduct

  • Multiple account creation or gaming of the Promotion

  • Account closure, suspension, or restriction


8. ACATS Transfer Fee Reimbursement

To be eligible for reimbursement, participants must:

  • Complete a qualifying ACATS transfer during the Promotion Period; and

  • Submit valid proof of the transfer fee (such as an account statement showing the ACATS charge) to Kraken Support.

Approved reimbursements will be credited to the participant’s Kraken account.

Fee reimbursements are separate from and independent of any promotional rewards under this Promotion.

9. Taxes and Reporting

Participants are solely responsible for any taxes associated with rewards.

Sponsor may require completion of tax forms (including Form W-9) and may issue IRS Form 1099 or other required tax reporting for rewards exceeding $600 in value.

Failure to provide requested tax documentation may result in forfeiture of the reward.

10. No Transfer; No Cash Alternative

Rewards are not transferable and may not be redeemed for cash except as required by law or at Sponsor’s discretion.

Sponsor may substitute a reward of equal or greater value if USDG becomes unavailable or impracticable

11. Privacy

Personal information collected in connection with this Promotion will be processed in accordance with Kraken’s Privacy Notice available.


12. General Conditions

Sponsor reserves the right to cancel, suspend, or modify the Promotion if fraud, technical failures, regulatory changes, market disruption, or other factors impair the integrity or proper functioning of the Promotion.

Sponsor’s decisions regarding eligibility and reward calculation are final and binding.

If any provision of these Terms is determined to be invalid or unenforceable, the remaining provisions 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 from any claims, damages, losses, liabilities, costs, or expenses arising out of your participation in the Promotion or receipt or use of any reward.

IN NO EVENT WILL THE RELEASED PARTIES BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES OR LOST PROFITS.

14. Dispute Resolution; Arbitration Agreement; Class Action Waiver

Please read this Section carefully. It affects your rights.

You and Sponsor agree to resolve any dispute arising out of or relating to the Promotion through binding individual arbitration administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules.

The Federal Arbitration Act (FAA) governs interpretation and enforcement of this Section.

You and Sponsor agree that:

  • Disputes will be resolved individually and not as part of a class action.

  • The arbitrator may award only individual relief.

  • Arbitration may take place in the participant’s county of residence, San Francisco, California, or remotely by video or documents submission as permitted by the arbitrator.

Participants may opt out of arbitration by providing written notice within 30 days of first becoming subject to this agreement.


15. Governing Law; Venue for Non-Arbitrable Claims

These Terms and the Promotion are governed by the laws of the State of Delaware, without regard to conflict-of-laws principles.

For any claims not subject to arbitration, the exclusive venue shall be the state and federal courts located in San Francisco County, California, and the parties consent to personal jurisdiction there.

16. Entire Agreement

These Terms, together with the Kraken Terms of Service and any Promotion disclosures provided by Sponsor, constitute the entire agreement governing this Promotion.