Unconfirmed: Insights And Analysis From The Top Minds In Crypto

David Kinitsky, CEO of Kraken Financial, talks about Kraken's news that it is launching a bank, after receiving approval to form a special purpose depository institution (SPDI) from the state of Wyoming. He discusses: why Kraken decided to become a crypto bank, and what it will be able to do with this status how this status will affect the consumer experience for crypto users  what kinds of crypto assets it will be able to deal with  how quickly it will list coins, such as those DeFi coins that quickly balloon to billion-dollar market caps what its designation, special purpose depository institution (SPDI) means, and why that has special meaning for crypto users what "bailment" means, and why that's significant for crypto users interested in using a crypto bank and how that would affect users in the event any coins were stolen or lost how Kraken Financial's status as a crypto bank will affect the longstanding problem in the industry of obtaining and maintaining bank relationships how this overlaps an