Kraken, one
of the major cryptocurrency exchanges, confirmed its plans to launch a crypto
banking suite in the foreseeable future. The move was first announced in 2020,
and the idea is now reappearing amid recent regulatory issues in the United
States, where the Securities and Exchange Commission (SEC ) banned Kraken’s
staking service.
Although
Kraken did not confirm the launch of its cryptocurrency bank in any official
statement, information appeared in comments on the exchange’s Twitter feed and
in one of the recent podcasts with the company’s representative.
Kraken’s
support team informed a Twitter user that Kraken Bank is still in progress and
will first be offered to customers in the United States. According to earlier
information from 2020, the new bank will be headquartered in Wyoming and operate
as a special purpose depository institution (SPDI).
“Kraken
Bank is not open yet but on its way! The offering will initially be available
to existing Kraken clients in the USA with potential international expansion in
the future,” Kraken commented on Twitter.
Hey Wayne,
Kraken Bank is not open yet but on its way! The offering will initially be available to existing Kraken clients in the USA with potential international expansion in the future.
You can subscribe to Kraken Bank updates here 👉https://t.co/m3yPoGpu2g
Kraken Support 🐙
— Kraken Support…
