PlayIconNav
BTC
$68,119.28+1.25%
ETH
$3,272.90+0.92%
BNB
$588.00+2.02%
SOL
$185.35+3.74%
XRP
$0.59974086-0.03%
DOGE
$0.13542697+4.86%
CD20
$2,307.58+1.68%
TON
$6.73+0.08%
ADA
$0.41692082+1.22%
TRX
$0.13739206+0.32%
AVAX
$28.63+2.59%
WBTC
$68,189.15+1.33%
Ad
Finance

Cryptocurrency Exchange Kraken Adds New Banking Option for US Users

Kraken's U.S. customers can now make wire transfers from their accounts at MDV Bank to fund purchases of cryptocurrency.

By Sebastian Sinclair
AccessTimeIconJul 8, 2020 at 9:01 a.m. UTC
Updated May 9, 2023 at 3:09 a.m. UTC
(Shutterstock)
(Shutterstock)

Cryptocurrency exchange Kraken has added a new bank to its funding options for U.S.-based customers.

  • Users can now make bank wire transfers from their accounts at MVB Bank to fund purchases of cryptocurrency with U.S. dollars, the exchange said Tuesday.
  • The addition brings the total number of U.S funding options to seven.
  • Kraken recommends its users switch to the new service, saying funding would be faster with MVB.
  • The minimum deposit and withdrawal limits have been set at $20, with maximum limits dependent on the user's account level on Kraken.
  • The existing six USD funding options include SWIFT transfers through Signature Bank and Etana Custody, FedWire through Signature and Etana, and the normal FedWire funding option. Businesses can also tap Silvergate Exchange Network.
  • Insured by the Federal Deposit Insurance Corporation, MVB Bank was formed in 1997 and is chartered under West Virginia state law.
  • InCore Bank AG became the first Swiss financial institution to offer euro banking services to Kraken clients last Friday.
VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • See also: Kraken-Owned Crypto Facilities Wins UK License to Offer Derivatives Trading

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.