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Wed, Sep 16, 2020 6:22 PM by Coinfomania

Kraken Crypto Exchange Obtains License to Launch a U.S. Bank

San Francisco-based cryptocurrency exchange Kraken has obtained a license that would enable it to launch a bank, named Kraken Financial, in Wyoming.  In a blog post today, the exchange revealed that the development comes after the Wyoming Banking Board approved its request for a Special Purpose Depository Institution (SPDI) charter. This approval makes Kraken the first SPDI bank in Wyoming. According to the exchange, the newly approved financial institution will provide financial services to its clients, such as paying bills and receiving salaries in cryptocurrency, as well as incorporating digital assets into their investment and trading portfolios.  Not only will U.S.-based clients

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