The card allows US customers to spend over 600 currencies and earn up to 2% cashback in BTC or USD, expanding Kraken’s financial services.
Kraken’s payment app, Krak, has introduced a multi-asset debit card in the US, enabling customers to spend both crypto and fiat while earning cashback. The card supports over 600 currencies and converts holdings to USD at point of sale, with cashback rates up to 2% in BTC or dollars based on asset holdings across Kraken platforms.
The card, issued by Lead Bank on Visa’s network and powered by Stripe Issuing, offers physical and virtual versions. Kraken reported issuing over 135,000 similar cards in the UK and European Economic Area since December 2025, citing demand for debt-free rewards alternatives.
A survey commissioned by Krak found 60% of respondents would switch to a debit card offering rewards without incurring debt, highlighting a shift away from credit-based programs.