
Kraken Crypto Exchange Announces Launch of New Crypto Bank in US Amid Regulatory Challenges
US-based cryptocurrency exchange Kraken is moving forward with its plans to launch a new Wyoming-based crypto bank, despite a recent setback. The US Securities and Exchange Commission (SEC) recently banned Kraken’s staking service, but the exchange has confirmed that Kraken Bank is still on track to launch. Kraken Support responded to a Twitter user’s inquiry, stating that the bank is not open yet but is on its way. The offering will initially be available to existing Kraken clients in the USA, with the potential for international expansion in the future. Kraken officially announced its plans to open a crypto bank,