Crypto exchange Kraken is trying to become a bank in Europe
Kraken’s focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.
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Summary
- Kraken would be following the same path as Revolut, which holds a specialized European banking license issued by the Bank of Lithuania in 2018.
- Kraken’s plan is to acquire licenses over the next 10 years, either through acquisitions or by starting from scratch in each region, said CEO Arjun Sethi at a recent conference.
