Kraken parent company applies for OCC charter in move toward banking
60-second summary
Kraken's parent company is currently applying for an OCC charter, a move toward banking, as the US banking regulator has already approved similar charter applications for six other prominent crypto companies, including Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets, and Paxos, paving the way for mainstream banking services in the crypto industry.
The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.