Kraken’s latest deposit match promotion comes as the crypto exchange rides a wave of momentum including fresh funding from some of Wall Street’s biggest names, a swelling user base, and growing talk of a potential IPO.

The October offer, live through the end of the month, rewards users who deposit at least $1,000 with up to a 2% match in USDG, plus an extra 0.5% boost for Kraken+ members . According to Kraken, users can opt in through the Kraken Consumer App, make qualifying cash or crypto deposits via supported funding methods, and receive their reward at the end of the promotion period.

The match amount is spendable immediately but locked from withdrawal for twelve months. The incentive ends when aggregate community deposits hit $500 million or when the calendar flips to November.

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