Kraken launches Mastercard, entering the digital banking market

According to DLnews, Kraken has launched a Mastercard debit card for users in the UK and Europe, offering up to 1% cash or Bitcoin rewards, with no foreign exchange or monthly fees. This move marks Kraken's entry into the increasingly competitive new banking sector.

Kraken is also expanding its Vaults savings feature, providing users with up to 10% yield through decentralized finance protocols. The exchange has also introduced direct deposit services for salaries for users in the EU and the UK.