Kraken parent goes for the OCC charter in bid to become a federal crypto bank
Burns Brief
Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account.
Key Takeaways
- Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account