Kraken Crypto Exchange Is Now a US Bank

Name: Kraken Crypto Exchange Is Now a US Bank
Uploaded: 2020-10-09T20:46:40Z
Duration: 3 min 224 s
Description: The Wyoming Banking Board approved crypto exchange Kraken’s application to become a bank.

Oct 9, 2020

The Wyoming Banking Board approved crypto exchange Kraken’s application to become a bank.

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The Wyoming Banking Board approved crypto exchange Kraken’s application to become a bank. With a state-chartered bank subsidiary, Kraken now has a regulatory passport across several states and the ability to offer custody, payments and banking services to both institutional and retail clients. CoinDesk’s Nathan DiCamillo speaks with Kraken Financial CEO David Kinitsky on the significance of this move and what it means for the industry.

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