LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyattcryptoRelated: Kraken Secures Federal Reserve Master Account, Crypto Industry’s Long-Held Aspiration Becomes Reality
Original Compilation: Chopper, Foresight News Kraken has crossed a regulatory hurdle that has existed in the crypto industry for years: direct access to the Federal Reserve’s core payment infrastructure. On March 4th, Kraken announced that its Wyoming-chartered bank, Kraken Financial, has been granted a Federal Reserve master account. This means it can directly settle U.S. dollars through the Federal Reserve system, no longer needing to rely on intermediary partner banks. The Federal Reserve confirmed that this crypto company’s bank was approved as a Type III institution, permitted to open a limited-purpose account with an initial term of one year. This approval provides the entire crypto asset industry with a tangible, real-world example of how crypto companies can gain more direct access to the U.S. payment system. This milestone also coincides…# Analysis# bitcoin# crypto# Exchange# Market# Startups# ToolPre
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- The figure of $1 billion itself is not astonishing. When Twitter went public in 2013, its market cap was around $20 billion, twenty times larger. Measured against the valuations of unicorn startups...