Bank (Wyoming special purpose depository institution) · United States
Kraken Bank
Kraken Bank (Wyoming SPDI) · kraken.com (opens source in new tab)
Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-11-09
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | — | No verified status — not scored |
| Regulatory standing | 25 | 25 | Approved / authorised · initiative |
| Technical delivery | 20 | — | No verified status — not scored |
| Product breadth | 15 | 5 | 1 product category with a verified status: Custody & trading |
| Recent verified activity | 5 | 0 | No verified change in the last 365 days |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Custody & trading · United States
Kraken Bank: Wyoming special purpose depository institution charter
- regulatory
- Approved / authorised2020-09-16
- technical
- Unknown
- commercial
- Unknown
Kraken announced on 16 September 2020 that the State of Wyoming approved its application to form a special purpose depository institution, Kraken Bank, headquartered in Cheyenne; the Wyoming Division of Banking publishes Kraken Bank call reports for quarters from March 2024 to June 2026.
Scope: United States (Wyoming charter).
In tracker · last verified 2026-11-09
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
- Approved / authorised Kraken Bank: Wyoming special purpose depository institution charter
Wyoming Division of Banking · 16 Sept 2020
Official institutionalKraken Wins Bank Charter Approval (opens source in new tab)
PrimaryWyoming Division of Banking — SPDI Call Report (Kraken Bank entries) (opens source in new tab)
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
No partner or provider named in our verified sources yet.
Regulator records & actions
Register entries and regulator publications that name this institution.
- 2026-11-09Primary record · Wyoming Division of BankingWyoming Division of Banking — SPDI Call Report (Kraken Bank entries) (opens source in new tab)
Markets (from stated target markets): United States
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2020-09-16 · Status
Wyoming approval of the Kraken Bank SPDI application (company announcement).
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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