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September 16th, 2020 Kraken is the first crypto exchange to become a US Bank! “Kraken is now the first SPDI bank in Wyoming.” Here at Shogun Trader we believe that this is a major development for cryptocurrency in the United States, one that has been a long time coming. Proceed to Coinbase Story Below: https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law

2020, among other noteworthy things, marks the year that DeFi adoption took hold. DeFi innovation through cryptocurrency smart contracts has challenged the way that we now view banks and traditional financial institutions. While there is still a need for traditional banking, DeFi now offers opportunities for passive income generation through lending and borrowing using decentralized

In July of 2020, the United States Office Of the Comptroller of the Currency published a letter, “clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. “The OCC concludes that providing cryptocurrency custody services, including holding unique cryptographic keys associated with cryptocurrency, is a modern form of traditional bank