Kraken, the crypto platform, aims to become a full-fledged bank. Dave Ripley, co-CEO of Kraken, announced this intention at the Wyoming Blockchain Symposium 2026. The company plans to offer banking services such as payments, loans, and asset custody. Its revenue increased by 17% to $508 million in the second quarter, but EBITDA dropped to $23 million. The IPO plans are on hold due to market conditions.
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