Wells Fargo in talks with Kraken parent Payward for crypto liquidity
CIE News ·
Wells Fargo is in discussions with Kraken parent company Payward to provide crypto trading liquidity, CoinDesk reported. The private talks have not been finalized.
Wells Fargo is in talks with Kraken operator Payward to serve as a crypto liquidity provider for the bank, according to CoinDesk. Sources familiar with the matter stated that the proposed agreement would involve Payward supplying liquidity for digital asset trading, though the private discussions have not yet been finalized. The move follows Wells Fargo's prior expansion into crypto initiatives, which include offering spot Bitcoin exchange-traded funds to eligible wealth clients and advising Nasdaq on its $100 million investment in Payward.