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Kraken launches cash back debit card to expand beyond crypto trading

Reported · Written up by our desk · Market Structure

Crypto exchange Kraken has launched a cash back debit card, positioning the payments product as a new way to reach consumers and compete for a place in everyday wallets.

CNBC Markets said the move reflects Kraken's effort to expand as crypto shifts from being treated mainly as an asset class toward infrastructure for broader consumer financial services.

The report framed the debit card as part of Kraken's bid to gain traction as mainstream adoption of crypto-linked products grows.

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Sources

CNBC MarketsA payments app built by crypto exchange Kraken just launched a cash back debit card in bid for consumer wallets

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