According to Jesse Powell, Kraken CEO, crypto asset trading platform Kraken aims to break into traditional banking services.
Speaking in an interview with CNBC, Powell said that the company is working to offer long-term stock trading and even small loans:
Powell further said that traditional financial services will not be a priority for the platform.
In existence since 2011, Kraken remains one of the largest crypto asset trading platforms. The company plans to go public after reaching a valuation of $10 billion after 2022.
Kraken announced earlier today that they will bring Shiba Inu (SHIB) to the platform, following its biggest rival Coinbase.