Kraken To Launch Its Own Bank The crypto industry may be suf | Make money with Soumyo

Kraken To Launch Its Own Bank

The crypto industry may be suffering from a regulatory crackdown in the U.S. The crypto exchange’s chief legal officer Marco Santori confirmed on The Scoop podcast that Kraken would soon be launching its own bank.

Kraken initially secured the State of Wyoming’s approval to form a Special Purpose Depository Institution (SPDI) in 2020. Kraken Bank was the "first digital asset company in U.S. history to receive a bank charter recognized under federal and state law.

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