Kraken is launching its new Krak Card first for users in the UK and EU, linking the rollout to its recent approval under Europe’s MiCA regulations.
The card, which is issued in both physical and virtual forms, offers 1% cash-back rewards. Users can choose to receive these rewards in their local currency or in Bitcoin. It supports instant spending from a user’s Kraken balance with no foreign exchange or monthly fees, leveraging Mastercard’s network and over 400 supported crypto and fiat assets.
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This launch is part of a broader expansion of the Kraken app, which also includes new features like “Vaults” for earning potential returns on idle assets and the upcoming ability to deposit salaries directly into the platform. According to Kraken’s Mark Greenberg, the goal is to seamlessly integrate digital assets into everyday spending.
