Kraken Seeks Banking License in Europe, Eyes Lithuania as Base

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Cryptocurrency exchange Kraken is pursuing a banking license in Europe as part of its expansion strategy. The company has identified Lithuania as its preferred jurisdiction to secure the license, according to a source with knowledge of the plans. Obtaining a banking license would allow Kraken to offer a broader range of financial services to European customers. The move signals Kraken's ambition to deepen its foothold in the European financial market beyond crypto trading.

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