Kraken
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Safe & Sound

SAFE & SOUND

Ang seguridad ay palaging pangunahing prayoridad ni Kraken. Ang Kraken Bank ay itinayo sa isang pundasyong may pinakamagaling na kasanayan sa digital na seguridad. Handa kaming tumaya na mas ligtas kami kaysa sa kasalukuyan mong bangko.

Designed for crypto

DESIGNED FOR CRYPTO

Ang Wyoming SPDI framework ay nagpapahintulot sa Kraken Bank na unahin ang pag-iingat ng asset, proteksyon sa data, pamantayan sa seguridad, at mahigpit na pangangasiwa sa regulasyon. Ang mga SPDI na mga bangko ay kinakailanang panatilihin ang buong mga reserba na nangangahulugang ang iyong pera ay hindi ipapahiram nang wala ang iyong pahintulot.

A better bridge

A BETTER BRIDGE

Kraken’s mission is to promote the adoption of digital assets for financial freedom. Kraken Bank will further that mission by providing a more seamless integration between crypto and the traditional financial system. This means a better client experience.

Frequently asked questions

  1. Sandali lang, ang Kraken ba ay nagiging bitcoin bank na ba?

    Kraken has always been on the frontier of finance. Now we’re blazing a new trail by opening a Wyoming-based crypto bank.

    We were calling it Kraken Financial, but due to overwhelming demand, it will be known as Kraken Bank. We’re the first (ever) crypto company to be awarded a U.S. state banking charter. It’s known as a Special Purpose Depository Institution or SPDI. 

  2. Ano ang SPDI?

    It’s a bank focused on clients’ interest in a forward-facing regulatory framework with oversight from the Wyoming Division of Banking.

  3. Pwede ba akong mag bukas ng bank sa Kraken? Kailan ito ma-ilulunsad?

    We are planning a phased launch in 2021, we’ll roll out to existing U.S. Kraken clients first and will provide more information as it becomes available.

    In the meantime, you can visit www.kraken.com/sign-up to create your Kraken trading account if you don’t have one.

  4. Anong mga produkto ang i-aalok ng crypto bank?

    Our bank charter allows us to launch digital-first traditional and crypto banking products, with cryptocurrencies represented as a first-class citizen. We're looking into products like deposit accounts in USD and crypto assets (ex. Bitcoin), multiple funding and payments options, institutional custody products (qualified custody for advisors and broker dealers), IRAs and many more.

  5. Saan ito magiging available at maaari ba akong bumisita sa branch?

    We will initially focus in the U.S. roll out services to existing clients in the U.S., with potential international expansion in the future.

    Our plan is to serve our existing clients’ needs online and via mobile devices - we don’t anticipate servicing any in-person, customer-serving activities in our Cheyenne office. Customer support and service will be available 24/7/365.

  6. Ang mga investment ko ba ay insured ng FDIC?

    No. However, Kraken Bank will be fully reserved (i.e., no fractional reserve banking or associated re-hypothecation and lending activities). All assets will be kept on hand and available as cash or the least risky, most liquid cash equivalents. We will also maintain significant capital reserves and surpluses of our own capital to cover the full balance of all clients, even in the event of a “bank run.”

    We will operate in a safe and sound manner that prioritizes customer fund protection. Therefore, we will not have insolvency risk the FDIC is intended to safeguard. We will never need a bailout or any public-funded backstop, because our goal is to serve your needs and the needs of the community.

IMPORTANT

 

Kraken Bank will be an independent affiliate of the Kraken family of companies. It is not currently operational.

 

No current operating Kraken entity is a bank or depository institution. DIGITAL ASSETS AND NATIONAL CURRENCIES CURRENTLY HELD IN YOUR KRAKEN ACCOUNT ARE NOT COVERED BY INSURANCE AGAINST LOSSES OR SUBJECT TO FEDERAL DEPOSIT INSURANCE CORPORATION PROTECTIONS OR THE PROTECTIONS OF ANY COMPARABLE ORGANIZATION ANYWHERE IN THE WORLD. Moreover, deposits at Kraken Bank (when operational) will not be insured by the Federal Deposit Insurance Corporation.

 

This page is for informational purposes only. Forward-looking statements, including product offerings, regulatory plans and business plans are subject to change without notice.