SkyBridge Capital founder and Bitcoin (CRYPTO: BTC) bull Anthony Scaramucci lauded Kraken on Wednesday after the cryptocurrency exchange secured a Federal Reserve master account.
Kraken Evolving Into Something ‘Much Bigger,’ Says Scaramucci
Scaramucci said on X that Kraken is building a “monster business” through “shrewd acquisitions,” organic growth and the latest Fed approval that gives it direct access to Fedwire, the core payment infrastructure used by thousands of U.S. banks and credit unions.
“Already your favorite crypto trader’s favorite crypto exchange, now evolving into something much bigger/broader,” Scaramucci said. He also used the Octopus emoji, used to represent flexibility and adaptability, to explain Kraken’s rise.