Kraken has made history by becoming the first cryptocurrency firm to gain access to the Federal Reserve’s core payments system, marking a significant regulatory development in the integration of cryptocurrencies with traditional financial systems. This access is part of a broader trend where U.S. regulators are allowing crypto-native firms to utilize Fed payment systems, which are designed for secure and efficient transfers between financial institutions. As a result, this move not only facilitates smoother transactions for clients but also enhances institutional participation in the crypto market.
Kraken becomes first crypto firm to access Fed core payments system
