Kraken exchange will partially offset the losses of users affected by the sharp drop in the price of Ethereum at the beginning of the week.
On February 22, on Kraken, ETH price briefly fell from $1,700 to $700
The head of the exchange, Jess Powell, wrote that the fall in prices was caused by strong selling pressure. He also urged users not to trade with leverage if they do not understand the associated risks.
According to New Money Review, the company decided to reimburse the affected users. The amount of compensation will vary from 5% to 50% of the lost amount.
Powell wrote on February 26 that the company would "shell out money out of its own pocket" to maintain its customer base.