51 min listen
#400: Kraken Financial CEO David Kinitsky on Crypto's First Bank
FromThe Pomp Podcast
ratings:
Length:
40 minutes
Released:
Oct 5, 2020
Format:
Podcast episode
Description
David Kinitsky is the CEO of Kraken Financial, the first approved SPDI bank under Wyoming's new crypto-friendly legislation. He previously worked at Circle, Fidelity, and Grayscale Investments as well.
In this conversation, we discuss the SPDI banking license, what it allows, why Kraken applied, how incumbents are likely to react, and what users can expect from the business moving forward.
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BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: http://www.blockfi.com/Pomp
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Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp
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Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com
In this conversation, we discuss the SPDI banking license, what it allows, why Kraken applied, how incumbents are likely to react, and what users can expect from the business moving forward.
==============================
BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: http://www.blockfi.com/Pomp
==============================
Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp
==============================
Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com
Released:
Oct 5, 2020
Format:
Podcast episode
Titles in the series (100)
Caitlin Long: Wall Street Isn't Bitcoin's Friend: Caitlin Long spent 22 years on Wall Street, including stints at Morgan Stanley, Credit Suisse, and Solomon Brothers. At Morgan Stanley, she was Head of Corporate Strategies and Pension Solutions. She's been a Bitcoin proponent since 2012, and... by The Pomp Podcast