Wells Fargo in talks with Kraken parent Payward for crypto trading liquidity
60-second summary
Wells Fargo is negotiating with Payward, the parent of Kraken, to obtain crypto‑trading liquidity, marking a direct partnership between a major U.S. bank and a leading exchange operator. The deal would enable Wells Fargo to offer deeper digital‑asset services to clients, potentially boosting institutional adoption and driving broader market liquidity growth.
The discussions would see Payward supply liquidity for crypto trading as major banks deepen their involvement in digital assets.