Cryptocurrency exchange Kraken is working on a set of new traditional financial services, including stock trading. Kraken CEO, Jesse Powell, told CNBC in an interview the exchange is "converging" on banking services like small loans at some point.
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He also said Kraken has no plans to curb its listing processes after Robinhood said it would wait for more "regulatory clarity" around any new cryptocurrencies it may list.
"We do not expect to take anything down. We have a very robust listing process," Powell said.
Kraken also does not expect to delist any asset soon as the exchange is "fairly confident" that every asset listed on it is not a security. However, Powell admitted that anyone who wants to join the cryptocurrency market today has to admit there is still gray area as regulatory agencies in the US are not interested in anything clarifying for the market.
Earlier in June, the Kraken CEO said Kraken might go public in 18 months as the exchange was "doing all the prep work" for the IPO.
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