Kraken got fed up of waiting on TradFi so it built its own bank to access the Fed — and it just worked

Kraken has cleared a regulatory hurdle that crypto firms have chased for years: direct access to the Federal Reserve’s core payments infrastructure. On March 4, the exchange said its Wyoming-chartered bank, Kraken Financial, has been granted a Federal Reserve master account, allowing it to settle US dollar payments directly over Fed rails instead of routing The post Kraken got fed up of waiting on TradFi so it built its own bank to access the Fed — and it just worked appeared first on CryptoSlate.