Kraken Financial, the banking division of cryptocurrency exchange Kraken, has made history as the first crypto company in the U.S. to connect directly to the Federal Reserve’s payment system. This means Kraken can now settle dollar transactions instantly using Fedwire, bypassing the need for traditional intermediary banks. This development is a significant move towards blending crypto and traditional finance, especially with the current, more accepting regulatory environment. Although the account doesn’t grant full banking powers, it will lead to quicker, more dependable transactions and enhance Kraken’s reputation with institutional investors.
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2026-03-04 15:23