Kraken Eyes IPO as It Partners with MoneyGram to Bridge Crypto-to-Cash Gap
The deal gives Kraken users a brick-and-mortar cash-out option as MoneyGram pushes to modernize its business.
- On Tuesday, Kraken and MoneyGram announced a partnership enabling customers to exchange cryptocurrency for fiat currency at nearly 500,000 retail locations worldwide.
- Arjun Sethi, co-CEO of Kraken, noted that customers in regions with lagging financial infrastructure require cash access, calling the cash off-ramp "really important" for adoption.
- MoneyGram CEO Anthony Soohoo described the integration as "just another step in that process of digitizing," while emphasizing the partnership's aim to remove waste and lower costs.
- Kraken remains "about 80% ready" to go public after acquiring NinjaTrader and Bitnomial for $550 million, strengthening its business ensemble ahead of a potential IPO.
- Executives from both companies pointed to stablecoins as a key unlock, with Sethi asserting that "intermediaries are the losers here, but they should be" in this automation-driven reset.
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Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap
Payward and Kraken co-CEO Arjun Sethi says the exchange is “80% ready” to go public, as a new partnership with MoneyGram aims to expand access to digital assets by solving last-mile cash conversion.
Marqeta Volume up 33% and other Digital Transactions News briefs from 5/6/26
Card-issuing platform Marqeta Inc. reported it processed $112 billion in transaction volume in the March quarter, up 33% year-over-year, generating revenue of $166 million, a 19% rise. Net income swung to a positive $8 million from an $8-million net loss a year ago. MoneyGram will work with the crypto platform Kraken worldwide to allow Kraken users to withdraw cryptocurrency as cash in fiat currencies, exploiting MoneyGram’s cash pickup network.…
Kraken lines up MoneyGram deal in IPO push as crypto takes on Wall Street
Cryptocurrency exchange Kraken has joined forces with MoneyGram in a deal that will let users turn their digital coins into physical cash at hundreds of thousands of locations around the world. The partnership, announced Tuesday, gives Kraken’s customers access to MoneyGram’s network of almost 500,000 retail spots spread across roughly 200 countries and territories. The service will work in more than 100 countries and support withdrawals in hund…
Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap - Technology Shout
MIAMI BEACH, Fla. – Payward and Kraken co-CEO Arjun Sethi said cryptocurrency exchanges are “about 80% ready” to go public, underscoring the company’s IPO ambitions as it forges a new partnership with MoneyGram aimed at solving the “last mile” problem for cryptocurrencies. Sethi, who spoke at the Consensus Conference in Miami alongside MoneyGram Chairman and CEO Anthony Soohoo, saw the deal as a way to bridge the gap between digital assets and p…
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