Kraken and ClearBank Join Forces: A Game-Changing Move for UK Crypto!

Kraken Dives into GBP Services with ClearBank's Help

Hang onto your hats, crypto fans! U.S. crypto giant Kraken is teaming up with the UK's own ClearBank to shake things up for UK clients. They're rolling out pound-based services that'll make your head spin!

ClearBank Steps Up in the Crypto Arena

ClearBank isn't just dipping its toes; they're diving headfirst into the crypto pool! They've partnered with Kraken to handle GBP clearing services for UK clients, hot on the heels of Kraken snagging an EMI licence through their Payward Services crew.

ClearBank: Kraken's New BFF in the UK

Get this: ClearBank is now Kraken's go-to bank in the UK! They've been buddies with Kraken's FCA-regulated investment arm, Crypto Facilities Limited, helping out with client money accounts. And now, they're taking it to the next level!

Big Plans and Big Dreams

John Salter, ClearBank's chief customer officer, is pumped about this partnership. He says both companies are chasing "similar ambitious long-term growth plans." Sounds like they're ready to take over the world, one crypto transaction at a time!

ClearBank's Crypto Journey

Don't think ClearBank is new to this game. Back in 2018, they were already in the mix, teaming up with London Block Exchange. They let UK customers trade digital currencies without needing to send money overseas. Talk about breaking down barriers!

Kraken's Big Moves: Eyeing a $1 Billion Debt Raise

Hold up, there's more! Kraken isn't just stopping at this partnership. They're looking to raise up to a whopping $1 billion in debt financing. And get this—they're working with financial titans Goldman Sachs and JPMorgan Chase to pull it off. This isn't just pocket change; it's all about fueling Kraken's massive growth plans, not just covering the daily grind.