Kraken Parent Payward Applies for OCC National Trust Bank Charter

The XRP price remains range-bound as it has been over the past couple of weeks. As of the time of writing, the XRP price has appreciated by 1.86% over the past day, yet it has been unable to break above the $1.60 resistance. However, despite this apparent inertia, a notable shift is occurring on Binance, the world’s leading crypto exchange by trading volume. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Binance Whale Vs Retail Spread Falls To 88% In a QuickTake post on CryptoQuant, analyst Amr Taha shares an update for the XRP market on the Binance exchange. The relevant indicator in this scenario is the XRP Binance Whale vs Retail Spread metric. For context, the metric measures the difference between large, whale-sized outflows and smaller, retail-sized ones on Binance. By extension of this primary function, the metric is used to tell if the market’s activity is more driven by its whales or by its retail traders.   In the

Iran entered the final night of February 2026 under a near-total internet shutdown. In the wake of a joint strike by the United States and Israel, Tehran almost completely severed the country's connection to the global internet — likely leaving only users on a government whitelist with access to the outside world.

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…

The news follows an investigation into the crypto exchange by Polish law enforcement officials and reports of customer withdrawal issues.

The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.

Payward says the OCC national trust charter would complement Kraken's banking arm, Kraken Financial.

Pressure on the embattled crypto exchange is intensifying; Treasury is requesting compliance with a court-imposed monitoring agreement.

The largest DeFi protocol on Kraken's Ink Layer 2 network is onboarding Chainlink and RedStone feeds before resuming its lending markets.