Kraken to launch US crypto bank

						Array
(
    [ppma_authors_name] => Array
        (
            [0] => Isabella Aslam
        )

    [classic-editor-remember] => Array
        (
            [0] => classic-editor
        )

    [_edit_lock] => Array
        (
            [0] => 1678206337:19
        )

    [_edit_last] => Array
        (
            [0] => 19
        )

    [_thumbnail_id] => Array
        (
            [0] => 14662
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_prlipro-post-options] => Array
        (
            [0] => a:3:{s:14:"requested_slug";s:0:"";s:19:"hide_social_buttons";b:0;s:20:"disable_replacements";b:0;}
        )

    [_bsf_post_type] => Array
        (
            [0] => 0
        )

    [_bsf_item_review_type] => Array
        (
            [0] => none
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => Kraken
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => Kraken Bank will first open to clients in the US with plans for international expansion thereafter.
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 67
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 1
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_introduction] => Array
        (
            [0] => Kraken Bank will first open to clients in the US with plans for international expansion thereafter.
        )

    [_post_introduction] => Array
        (
            [0] => field_5e8bb40d3036a
        )

    [time_to_read] => Array
        (
            [0] => 2 mins read
        )

    [_time_to_read] => Array
        (
            [0] => field_5ea04c4ba2fca
        )

    [in_summary] => Array
        (
            [0] => 
        )

    [_in_summary] => Array
        (
            [0] => field_62542d4010cad
        )

    [ppma_disable_author_box] => Array
        (
            [0] => 0
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 7
        )

    [_yoast_wpseo_primary_countries] => Array
        (
            [0] => 84
        )

)

Updated March 7, 2023 | Published March 7, 2023

2 mins read

Kraken Bank will first open to clients in the US with plans for international expansion thereafter.

US-based cryptocurrency exchange Kraken is soon to launch its own crypto bank.

Based in Wyoming, Kraken Bank will offer a “seamless integration between crypto and the traditional financial system”, the company announced on its website.

“We’re the first (ever) crypto company to be awarded a US state banking charter. It’s known as a Special Purpose Depository Institution or SPD”, it read.

The offering will initially become available to existing Kraken clients in the US with the view of “potential international expansion” in the future.

Recently, the crypto exchange was charged a $30m settlement by the US Securities and Exchange Commission for failing to register the offer and sale of its “crypto asset staking as-a-service program” in the US.

However, despite such regulatory hurdles, Kraken’s chief legal officer Marco Santori announced that Kraken Bank is “very much on track”.

“We're going to have those pens with the little ball chains. We're going to order thousands of them and attach them to the desks of Wall Street banks everywhere. With our logo”, Santori told The Scoop crypto podcast.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: France toughens crypto stance, SEC goes after Coinbase
The Ledger: Crypto criminals face pressure, new regulation rolls in

Similar News

Flybondi 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8326
            [name] => Flybondi
            [slug] => flybondi
            [term_group] => 0
            [term_taxonomy_id] => 8326
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 8327
            [name] => Mauricio Sana
            [slug] => mauricio-sana
            [term_group] => 0
            [term_taxonomy_id] => 8327
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5246
            [name] => NFT
            [slug] => nft
            [term_group] => 0
            [term_taxonomy_id] => 5246
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 270
            [filter] => raw
        )

)

Flybondi airline to issue NFT tickets

31/03/2023|18:30

The Argentinian airline Flybondi plans to integrate into web3 by issuing e-tickets as NFTs. The new integration, named Ticket 3.0,...
Ben Ng 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8324
            [name] => Ben Ng
            [slug] => ben-ng
            [term_group] => 0
            [term_taxonomy_id] => 8324
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 8325
            [name] => Curt Shi
            [slug] => curt-shi
            [term_group] => 0
            [term_taxonomy_id] => 8325
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5226
            [name] => metaverse
            [slug] => metaverse
            [term_group] => 0
            [term_taxonomy_id] => 5226
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 86
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8322
            [name] => ProDigital Future
            [slug] => prodigital-future
            [term_group] => 0
            [term_taxonomy_id] => 8322
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8323
            [name] => Saif Partners
            [slug] => saif-partners
            [term_group] => 0
            [term_taxonomy_id] => 8323
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 5510
            [name] => web3
            [slug] => web3
            [term_group] => 0
            [term_taxonomy_id] => 5510
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 53
            [filter] => raw
        )

)

ProDigital Future to raise $100m for Hong Kong crypto...

31/03/2023|17:47

Hong Kong-based fund ProDigital Future aims to raise $100m this year to invest in digital asset start-ups in a quest...
Aiden Pleterski 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 7125
            [name] => Aiden Pleterski
            [slug] => aiden-pleterski
            [term_group] => 0
            [term_taxonomy_id] => 7125
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 4
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 197
            [name] => Binance
            [slug] => binance
            [term_group] => 0
            [term_taxonomy_id] => 197
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 159
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5164
            [name] => Changpeng Zhao
            [slug] => changpeng-zhao
            [term_group] => 0
            [term_taxonomy_id] => 5164
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 35
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 5216
            [name] => crypto.com
            [slug] => crypto-com
            [term_group] => 0
            [term_taxonomy_id] => 5216
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 68
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 7372
            [name] => Matt Damon
            [slug] => matt-damon
            [term_group] => 0
            [term_taxonomy_id] => 7372
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 4984
            [name] => NASDAQ
            [slug] => nasdaq
            [term_group] => 0
            [term_taxonomy_id] => 4984
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 4
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 1050
            [name] => roobet
            [slug] => roobet
            [term_group] => 0
            [term_taxonomy_id] => 1050
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [7] => WP_Term Object
        (
            [term_id] => 5219
            [name] => Snoop Dogg
            [slug] => snoop-dogg
            [term_group] => 0
            [term_taxonomy_id] => 5219
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [8] => WP_Term Object
        (
            [term_id] => 5710
            [name] => telegram
            [slug] => telegram
            [term_group] => 0
            [term_taxonomy_id] => 5710
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 6
            [filter] => raw
        )

    [9] => WP_Term Object
        (
            [term_id] => 2465
            [name] => tether
            [slug] => tether
            [term_group] => 0
            [term_taxonomy_id] => 2465
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 14
            [filter] => raw
        )

    [10] => WP_Term Object
        (
            [term_id] => 4882
            [name] => The Ledger
            [slug] => the-ledger
            [term_group] => 0
            [term_taxonomy_id] => 4882
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 91
            [filter] => raw
        )

    [11] => WP_Term Object
        (
            [term_id] => 4947
            [name] => US Commodity Futures Trading Commission
            [slug] => us-commodity-futures-trading-commission
            [term_group] => 0
            [term_taxonomy_id] => 4947
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 10
            [filter] => raw
        )

)

The Ledger: CFTC goes after Binance, Nasdaq reveals crypto...

31/03/2023|16:24

Binance been assailed by the Commodity Futures Trading Commission (CFTC) which has called out the exchange on “willful evasion of...