Wells Fargo in talks with Kraken parent Payward for crypto trading liquidity
Wells Fargo is reportedly in talks with Kraken's parent company, Payward, to utilize the firm as a crypto liquidity provider. This potential partnership signals a shift toward deeper integration between traditional banking institutions and established digital asset companies.
Why it matters
The collaboration reflects a broader trend of major financial institutions adopting crypto infrastructure, supported by a more favorable U.S. regulatory environment.
Payward, the parent company of crypto exchange Kraken, is in talks to become a crypto liquidity provider to U.S. financial giant Wells Fargo (WFC), according to two people with direct knowledge of the matter.
Under the potential deal, Wyoming-based Payward would supply liquidity for trading in crypto assets, the people said, speaking on condition of anonymity because the matter is private.
Talks are ongoing and may not result in a deal.
Payward and Wells Fargo both declined to comment.
Crypto exchanges often serve as gateways to digital asset liquidity for banks and institutional investors, providing access to trading venues and helping execute orders. For example, Coinbase Prime aggregates liquidity across multiple markets, while Kraken offers banks technology to integrate crypto trading into their own platforms, allowing them to serve clients without building the infrastructure themselves
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in