Share this article
Kraken partners with Fidor Bank to offer bitcoin trading services in the EU
Digital currency exchange Kraken has forged a partnership with Fidor Bank to offer EU customers regulated bitcoin trading services.
By Emily Spaven
Updated Sep 10, 2021, 11:36 a.m. Published Oct 9, 2013, 2:11 p.m.
Digital currency exchange Kraken has forged a partnership with Munich-based Fidor Bank to offer its European customers regulated bitcoin trading services.
Jesse Powell, CEO of Payward Ltd, which is the developer of Kraken, said the exchange has found its "ideal partner" in Fidor Bank.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
He described the bank as a "responsible, forward-thinking financial institution" and praised its desire to combine the "predictability and stability of traditional banking relationships with the social and economic benefits of new digital currencies". Powell added:
"From the beginning, our goal has been to establish bitcoin and other digital currencies as legitimate complements to the euro, the pound and other traditional, government-issued currencies."
Kraken is now looking to offer its services outside the EU by cooperating with financial industry partners and regulatory authorities across the world.
This isn't the first bitcoin company Fidor has partnered with – back in July the bank teamed up with German bitcoin marketplace bitcoin.de, which is operated by Bitcoin Deutschland GmbH.
Upon the announcement of this partnership, Oliver Flaskämper, managing director of Bitcoin Deutchland GmbH, said: “With Fidor Bank AG as our partner, the digital bitcoin currency, which was initially smiled at as internet play money, is increasingly turning into a serious alternative currency after only four years."
Fidor Bank says its long-term goal is to bring important market innovations to its customers. Matthias Kröner, CEO of Fidor, said the bank has noticed digital currencies start to emerge as "serious and useful alternatives to government-issued currencies".
"With Kraken, we can enable our customers to trade bitcoin and other digital currencies just as securely, easily and flexibly as they trade other foreign currencies today," he added.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
What to know:
- As expected, the Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points on Wednesday afternoon.
- Today's cut is notable given the unusually large amount of public dissension among Fed members for further monetary ease.
- Two Fed members dissented from the rate cut, preferring instead to hold rates steady, while one member voted for a 50 basis point rate cut.
Top Stories
