By Isaac • July 8, 2026 2:46 pm •
Kraken is trying to become a bank in Europe.
The exchange is pursuing a full banking license, with Lithuania as the reported focus jurisdiction. If it lands the charter, Kraken would be the only crypto exchange holding that designation.
No license has been granted. The Bank of Lithuania process is confidential, and Kraken declined to comment.
This is the pursuit stage, and that distinction matters.
Still, the direction is clear. Kraken has spent the last two years stacking regulated permissions across Europe and the United States, and a European bank charter would be the biggest piece yet.
Source: Kraken is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction
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