Kraken launches global financial app "Krak" to support cross-border transactions of over 300 assets
2025-06-26 13:15:45
According to CoinDesk, cryptocurrency exchange Kraken has launched a blockchain-powered global financial application "Krak" that allows users to make instant cross-border transactions at virtually zero cost and earn competitive returns on account balances. The app covers 110 countries and supports more than 300 assets, including cryptocurrencies, stablecoins, and fiat currencies. Peer-to-peer transfers can be completed without the need to fill in bank information or wallet address. Kraken said that Krak aims to solve the problem of outdated rules in the traditional financial system, combining crypto technology with Kraken's network of banking relationships and payment partnerships.
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