Kraken parent company applies for OCC charter in move toward banking
The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.
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Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…
Read full articleThe US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.
Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.
Payward says the OCC national trust charter would complement Kraken's banking arm, Kraken Financial.
The largest DeFi protocol on Kraken's Ink Layer 2 network is onboarding Chainlink and RedStone feeds before resuming its lending markets.
The deal is payable in cash and stock and values Payward at $20 billion.
The deal marks Kraken's largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure.
Retail users can now post crypto as collateral and trade with up to 10x leverage on Kraken Pro.