Kraken to create the first crypto bank in the USA, and the number of bitcoin wallet holders has increased two-fold

Kraken to create the first crypto bank in the USA

Kraken exchange announced its intention to create the first cryptocurrency bank in the United States.

The company has already received a banking license in Wyoming, which allows it to open a division of Kraken Financial. The bank’s clients will be able to receive salaries, pay bills, and create investment portfolios in cryptocurrency.

Initially, the company will work only with US residents, but plans to expand its geography in the future. Kraken said it wants to bridge the gap between digital assets and the traditional financial system.

The number of new bitcoin investors has doubled

According to Chainalysis, the number of 1–3 months old wallets that choose to store bitcoin has grown to 2.25 million, the highest level since February 2018.

This is almost twice as much as six months ago, when the figure was 1.16 million. After the March collapse in prices, the curve grew almost parabolic, analysts say.

“The data suggests that buying pressure on BTC is increasing and the supply available to buy is decreasing as new investors are likely to plan to hold onto the coins for a longer period,” concluded Philip Gradwell, economist at Chainalysis.

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