Kraken Launches Debit Card for Seamless Crypto Spending

Kraken has launched the Krak Debit Card, a U.S. cashback debit card that allows customers to spend traditional currencies and crypto directly.

The card offers up to 2% cashback in either cash or Bitcoin, with rewards delivered as money rather than points.

Customers can spend from more than 600 currencies and crypto assets, with Krak automatically converting selected balances into dollars when a transaction is made.

Users can determine which assets are spent first and even split a single purchase across multiple balances.

The company is positioning the card as an everyday financial account that turns an exchange account into a spending tool.