Kraken's Chief Legal Officer: Kraken will launch banking services

ChainCatcher news, Kraken's Chief Legal Officer Marco Santori revealed on The Scoop podcast that Kraken is advancing plans to launch its own bank, which is expected to be introduced soon.

Additionally, Santori stated that Kraken's banking relationships are secure, and Kraken has a "diversified banking group spread across the globe." Santori said, "We are returning to an era where banks are very cautious about which accounts to open." "Wall Street will be fine. Kraken and Coinbase will be fine. But for those providing infrastructure for the crypto economy, the next few years will be very tough." (The Block)