Kraken Bank, the fully online bank that will provide comprehensive deposit-taking, custody, and fiduciary services for digital assets, is set to launch soon, according to Kraken’s chief legal officer, Marco Santori. The bank received its charter approval in 2020 and has been working towards its launch ever since. Despite the regulatory crackdown on the crypto industry in the US, Kraken remains undeterred and is pushing ahead with its plans. Santori confirmed that the bank is on track to launch very soon and even joked about ordering pens with little ball chains to attach to the desks of Wall Street banks. Kraken Bank is set to be a game-changer in the crypto industry, providing a much-needed solution for those looking to securely store and manage their digital assets.
