Kraken Launches No-Fee Card with 2 Percent Cashback Rewards

Kraken Exchange has launched a new no-fee card that offers up to 2 percent cashback in Bitcoin or cash. The card, available for users to order for free, supports purchases from over 600 cryptocurrencies and cash. This move by Kraken marks an expansion of its consumer offerings and highlights the company's ongoing investment in crypto payment solutions.

The new card comes as part of Kraken's broader efforts to broaden access to both crypto and traditional equity products. The company recently allowed users to participate in Oura ring IPO tokenized equities at institutional terms and enabled retail investors to request Oura IPO shares at launch price via its xStocks platform.