Below is an email update I received from Kraken, summarizing withdrawal updates for a few of its coins - Bitcoin, Litecoin, and Gnosis.
This is a follow-up to our last email announcing an increase in the bitcoin (XBT) and tether (USDT) withdrawals fees, and a reduction in the Gnosis token (GNO) deposit address fee.
Bitcoin withdrawals now batched to reduce cost
Many clients have said they prefer a lower bitcoin withdrawal fee even if it means slower transactions. Accordingly, we are >now sending withdrawals together in batches to reduce cost. This allows us to reduce the bitcoin withdrawal fee to:
0.001 XBT
We are pleased to offer clients a significantly reduced fee, but keep in mind that bitcoin withdrawals will be a bit slower due >to the batching. Withdrawals will take anywhere from 2 minutes to 5 minutes longer to broadcast to the network while >waiting to be batched together with other payments.This fee reduction currently only applies to regular bitcoin withdrawals, not “BitGo Instant” transactions. And tether (USDT), >which is transferred on the Bitcoin network, is unchanged at 5 USDT since tether does not support batch functionality.
Litecoin (LTC) withdrawal fee reduced
The LTC withdrawal fee is reduced to:
0.001 LTC
Gnosis token (GNO) withdrawal fee reducedThe GNO withdrawal fee is reduced to:
0.005 GNO
We will be reviewing our other supported assets for possible fee adjustments and may not notify you by email of all changes. >And we still plan to update withdrawal fees more dynamically, so you may see withdrawal fees change more frequently in the >future."