Bullish
Kraken Crypto Exchange Pursues European Banking License for Expansion
07.07.2026 21:48
Kraken, a leading global cryptocurrency exchange, is actively pursuing a banking license in Europe to expand its services and integrate traditional finance with digital assets. This strategic move aims to offer regulated banking products, including deposits, loans, and custody services, directly to European clients. By becoming a bank, Kraken seeks to enhance trust, comply with evolving EU regulations like MiCA, and compete with traditional financial institutions. The initiative underscores the growing trend of crypto firms seeking institutional legitimacy and broader market access in Europe.
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