Kraken Crypto & Brokerage Promo: Earn Up to 2% Deposit Bonus (October 2025)

Ceacer.com reports on Kraken’s October 2025 promotion offering up to a 2% deposit bonus for customers depositing $1,000 or more in cash or crypto. The bonus percentage will scale between 1% and 2% based on total deposits across all users. Once $500 million in total deposits is reached, the full 2% reward is triggered, and the promotion ends immediately. Eligible participants will receive their bonus in USDG stablecoin within 14 days after the event closes.

You must keep your net deposits at Kraken through November 1st, 2026. You can trade your deposit, and market fluctuations are okay as long as you don’t withdraw any funds. Full terms here.

Kraken is best known as a crypto exchange, but as of early 2025 they now offer US stock trading under Kraken Securities through a partnership with Alpaca (press release). The terms say that you can trade your deposits, so technically I don’t see why you couldn’t move your cash to Kraken, buy a T-Bill ETF like SGOV or VBIL (current SEC yields ~4.11% and 4.12%), and basically earn up to an additional 2% APY on your cash for a year.

A 2% deposit bonus for a 12-month hold is a pretty good deal. For me, the main catch is that you have to trust the US regulatory agencies that manage SIPC insurance in case Kraken Securities fails during the next year. ETFs held in an SIPC brokerage account are definitely better than an uninsured crypto account, but I just worry it could be messy, so I’d probably size my risk (deposit amount) accordingly.

If you haven’t already, you should also grab Kraken’s $75 new crypto account bonus and 30 days of free money spins, where I earned almost $20 in random crypto like DOGE and PEPE: