Kraken co-CEO David Ripley: traditional firms will offer Bitcoin services

Kraken co-CEO David Ripley said traditional financial firms are likely to offer crypto services like Bitcoin and Ethereum to customers, calling this a major 2026 theme. He framed Kraken as infrastructure for banks and asset managers rather than a direct retail rival, pointing to Kraken Prime as the product enabling institutional crypto trading, custody, and financing. The piece suggests this could broaden crypto adoption across legacy finance, but also introduces risks such as concentration, counterparty exposure, and systemic contagion. Separately, the article includes a market note on AMD, which fell about 10% on June 9 amid a sector-wide semiconductor selloff triggered by Broadcom’s cautious AI spending outlook. Intel also dropped more than 8%, reinforcing the idea that the move was driven by repricing of AI growth expectations rather than AMD-specific news.