Kraken Unveils Multi-Asset Debit Card in US with Up to 2% Cashback

Kraken's payment app Krak has launched a debit card in the US, allowing customers to spend crypto and fiat while earning up to 2% cashback. The card supports more than 600 currencies and assets, with holdings converted into US dollars at point of sale.

Users can set the order in which their assets are spent, and purchases can draw from multiple balances simultaneously. The card is issued by Lead Bank on Visa's network and powered by Stripe Issuing.

The physical and virtual versions of the card are available to eligible US customers, with cashback rates dependent on average assets held across Krak, Kraken, and Kraken Pro.

Kraken's consumer money and payments app has already issued more than 135,000 multi-asset cards in the UK and European Economic Area since launching there in December 2025.