Kraken begins automatic bank account deposits for U.S. users... fee waiver

Kraken has launched automatic recurring bank-account deposits for U.S. users, letting customers set their own deposit amount and frequency with no deposit fees and pause or cancel the schedule at any time. The feature is aimed at making steady, dollar-cost-averaging-style inflows into crypto easier for U.S. clients of the exchange. The move comes as Kraken parent Payward is reportedly exploring a banking license outside the U.S., signaling broader ambitions to expand regulated financial services. Kraken has not disclosed how many users or how much volume the new recurring-deposit feature is expected to add. What to watch next is whether the automatic deposits lift trading volumes and assets on Kraken, and whether Payward's overseas banking-license review advances.