Kraken Gets Banking Licence

The crypto exchange Kraken is the first crypto exchange ever to gain its banking license.

Like crypto coins we have a vast amount of crypto exchanges. There are bigger exchanges and smaller exchanges, Kraken is definitely one of the bigger exchanges.
By the time of the release of this article, kraken is listed among the top 5 crypto exchanges on Coinmarketcap.

There is no further clarification needed, the title explains everything. Kraken is the first crypto exchange to ever get a banking license.
David Kinitsky, managing director at Kraken and CEO of Kraken Financial, said “By becoming a bank we get direct access to federal payments infrastructure, and we can more seamlessly integrate banking and funding options for customers”