Kraken introduces Krak Card: New crypto debit card with 1 percent cashback for everyday use

Kraken announced today, November 25, 2025, the phased rollout of the Krak Card, expanding its European Krak offering with a fully integrated multi-asset payment product. This information comes from a press release obtained by BTC-ECHO.
The debit card will initially be rolled out in Great Britain and the European Union and, according to the company, offers 1 percent cashback on every purchase, optionally paid out in local fiat currency or in Bitcoin.
The card supports instant payments across various balances and has no foreign currency or monthly fees. This is made possible by its connection to Mastercard's global payment network, which enables transactions across more than 400 cryptocurrencies and fiat currencies supported by the Krak app.
Users can specify which assets are debited first and exclude individual balances from payments.
“For us, every asset is money,” said Mark Greenberg, Global Head of Consumer.
In parallel, Kraken is introducing new wealth-building features. These include Vaults, which are designed to convert unused assets into daily returns via vetted lending protocols. Kraken cites target returns of up to ten percent annually.
Existing features such as instant transfers to over 160 countries and earning potential returns of up to 3.6 percent on eligible assets will remain part of the offering. Soon, customers in the UK and the EU will also be able to have their salaries paid directly into their Krak account.

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