Kraken Becomes First Crypto Exchange to Become U.S. Bank

What? The U.S. state of Wyoming approved Kraken to form the world’s first Special Purpose Depository Institution (SPDI) tentatively called Kraken Financial. Having an SPDI bank charter means Kraken Financial can hold custody over cryptocurrencies, operate a payments system and let customers easily transfer between fiat currency and cryptocurrency. Kraken Financial can’t issue loans using […]