Kraken Unveils Bitcoin Rewards Debit Mastercard Ahead of IPO

Published: 2025-11-25 20:30:33 |

Kraken has launched its Bitcoin Rewards Debit Mastercard, offering U.S. customers up to 2% back in BTC on every purchase. The new crypto debit card, issued in partnership with Mastercard, carries a $5 monthly fee and waives foreign transaction fees. Cardholders will earn Bitcoin rewards automatically, credited to their Kraken wallet each month. This move precedes Kraken’s planned IPO via a special-purpose acquisition company (SPAC). By expanding payment options with its Bitcoin Rewards Debit Mastercard, Kraken aims to boost cryptocurrency adoption and attract new users ahead of going public. The card adds to Kraken’s growing suite of trading and custody services, reinforcing its position in the competitive crypto payments landscape.

Bullish

Introducing a Bitcoin Rewards Debit Mastercard strengthens Kraken’s consumer offerings and drives real-world Bitcoin use. Past launches of crypto-backed debit cards by competitors like Crypto.com and Binance led to increased user engagement and trading volumes. Short-term, the news could boost Bitcoin demand as new cardholders accumulate BTC rewards. Long-term, enhanced payment infrastructure supports broader crypto adoption and market stability, favoring a bullish outlook.