Kraken to issue a crypto card from Mastercard

Crypto exchange Kraken has partnered with payment giant Mastercard to launch both physical and digital debit cards, enabling users to spend cryptocurrencies and stablecoins at over 150 million merchants worldwide. The new product will be available to customers in the UK and Europe.

Part Of Kraken Pay With Support For 300 Currencies

The debit card is part of the broader Kraken Pay service, which allows seamless cross-border transactions in more than 300 crypto and fiat currencies. It aims to bridge crypto and everyday payments by allowing users to pay in-store or online using digital assets.

 

Each cardholder receives a unique Kraktag — a personalized identifier linked to their crypto wallet. This tag simplifies transfers between Kraken users and can also be used as a payment reference. So far, over 200,000 users have activated their Kraktags since launch.

Launch Timeline And Early Access List

Kraken CEO David Ripley emphasized the goal of making crypto easier to use for daily spending. According to him, there is growing demand from users who want to make purchases with crypto or stablecoins in a simple and familiar way.

  

The debit cards are expected to roll out in the coming weeks. Kraken clients can already join a waitlist to gain early access to the new solution. Thanks to the Mastercard integration, users will be able to pay wherever Mastercard is accepted — with the added flexibility of using digital assets.

 

Earlier in March, reports revealed Kraken’s plans to go public in Q1 2026. The exchange also recently acquired futures trading platform NinjaTrader for $1.5 billion, signaling its expansion into more traditional financial sectors.