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Technology, Business
September 17, 2020
Kraken cryptocurrency exchange become a US bank
Source: Kraken.com
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The Gist
The popular cryptocurrency exchange will be able to provide banking services to Americans in 49 states starting 2021.
The List
- The San Francisco based cryptocurrency exchange has received approval from the Wyoming Banking Board to become a registered and regulated bank.
- The announcement comes 2 months after US regulators gave the green light to federally chartered banks to hold cryptocurrency assets.
- Kraken Financial will provide a number of services including cryptocurrency savings accounts and cryptocurrency backed debit cards.
- Banking services will be available in all American states except New York.