Traditional banks warn the Fed's decision to grant Kraken a limited-purpose master account introduces systemic risks before ...

The banking branch of the crypto exchange, set to IPO soon, will no longer need to rely on intermediary banks.

The approval lets Kraken speed up deposits and withdrawals for large traders and institutional clients, but is limited.

The Federal Reserve has granted a crypto firm direct access to America’s core payments systems for the first time — a ...

Kraken Financial, a Wyoming-based special-purpose depository institution operated by Payward Inc., has become the first ...

Access to the Federal Reserve’s payment system has long been a dream for cryptocurrency firms, including Custodia Bank, which ...

Kraken becomes first crypto firm to gain access to the Fed’s payment system. Marks major step toward integration with U.S. financial system.

Kraken’s banking unit has obtained a Federal Reserve “master account,” giving the crypto firm direct access to Fedwire, the U.S. central bank’s real-time ...

Kraken Financial has won a limited-purpose master account with the Kansas City Fed, becoming the first crypto firm to do so.

The Federal Reserve opened its payment rails to crypto after Kraken won direct access through its banking unit. That puts ...

The decision means the industry is a step closer to becoming integrated into the mainstream financial system.