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Crypto exchange Kraken will open its own bank

by Vaibhav
March 18, 2023
in News
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Crypto exchange Kraken will open its own bank
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  • It will happen “very soon”
  • The company is already preparing ballpoint pens with the logo

American crypto exchange Kraken plans open your own bank. And it will happen “very soon”– promises the company’s General Counsel Marco Santori.

“Soon very soon. We will have these ballpoint pens tied with chains to the table. We will order thousands of these pens and stick them on the tables of every Wall Street bank everywhere. Our logo will be there.

Suntory did not want to comment on the question of how they will settle issues with the SEC, because recently the regulator has taken a tough grip on crypto companies. He only commented on the recent ban on staking services. The lawyer said the project was a small fraction of Kraken’s income. He also added that he does not consider the actions of the SEC a special conspiracy against the crypto industry.

See also  BNB Chain developers rolled out a roadmap for 2023

The exchange decided to enter Wall Street during turbulent times. Last week, the American crypto bank Silvergate announced serious problems. They cannot meet the March 16 deadline to file their annual income statement with the US SEC. A few days later, the company added that they were not confident in “its ability to continue working.” In response, several providers severed their relationship with the bank (Crypto.com, Coinbase, Gemini, and others).

On Saturday, Silvergate Bank announced that it was ending its own SEN payment network. This institution has been key for many crypto companies. Therefore, the problems of the bank led to the fall of bitcoin and the general nervous situation in the market.

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