Kraken Financial has gained direct access to US Federal Reserve's payment systems via a Kansas City Fed approval, though without full banking privileges such asKraken Financial has gained direct access to US Federal Reserve's payment systems via a Kansas City Fed approval, though without full banking privileges such as
Kraken becomes first crypto company to get Fed master account: WSJ
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Kraken Financial has gained direct access to US Federal Reserve's payment systems via a Kansas City Fed approval, though without full banking privileges such as interest on reserves.
US cryptocurrency exchange Kraken has reportedly become the first company to secure a master account from the US Federal Reserve.
Kraken Financial, the exchange’s banking unit, has gained access to the Fed’s key payment systems, allowing the platform to move money on the same rails used by banks and credit unions, according to a report by the Wall Street Journal.
The Federal Reserve Bank of Kansas City, which oversaw its application, and Kraken, trading as Payward, are expected to announce the approval on Wednesday.
Read more
Market Opportunity
Manchester City Fan Price(CITY)
$0.6567
$0.6567$0.6567
USD
Manchester City Fan (CITY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Why AVAX Traders Are Watching $11.50 and $8.00 Right Now
Avalanche gained 2.77% on March 4, reaching $9.64 by 15:50 UTC on volume of 327,810 AVAX, the highest single-hour reading on the chart. The move came after six
Share
Ethnews2026/03/05 00:16
USDsui debuts as Treasury yield is routed to Sui DeFi
USDsui stablecoin launches on Sui with reserves in bonds and liquid assets; yield from holdings is recycled to support SUI and DeFi pools via Bridge’s platform.
Share
CoinLive2026/03/04 23:57
Trump made a 'damning admission' as he 'pulled the trigger' on geopolitical chaos
President Donald Trump made a damning admission by commenting on the war with Iran, and two political reporters illuminated just how careless he has been.Speaking
Share
Alternet2026/03/05 00:45