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BREAKDOWN: Why the First US Crypto Bank Is a Big Deal
Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters.
ABOUT
Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
On this edition of The Breakdown weekly recap, NLW looks at:
- DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check
- The Fed has no clothes – After another FOMC meeting of “nothing new,” the mirage of Federal Reserve omnipotence is fading
- TikTok and WeChat banned from U.S. app stores – Is it just a negotiating technique? Whatever the case, people are not happy
- Kraken becomes a bank – What it means now that Kraken has been approved for a Wyoming Special Purpose Depository Institution charter
This week on The Breakdown:
Monday | The Business of Geopolitical Competition
Tuesday | The Decade of the Living Dead: How Zombie Companies Are Robbing Tomorrow’s Economy
Wednesday | Governments vs. Networks: The Battle for the Soul of Finance
Thursday | Monetary Policy Is Finished and Macro Debates Are Boring, Feat. Raoul Pal
Friday | ‘I Didn’t Buy It to Sell It. Ever.’ MicroStrategy’s Michael Saylor on His $425M Bitcoin Bet
HOST
CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.
We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.

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