Wells Fargo is in talks with Payward, Kraken's parent company, to seek cryptocurrency trading liquidity.
Wells Fargo is reportedly in talks with Payward, the parent company of cryptocurrency exchange Kraken, to seek crypto trading liquidity, CoinDesk reported. Under the potential agreement, Payward would provide Wells Fargo with crypto asset trading liquidity. These discussions indicate that major banks are increasingly turning to established crypto companies to support their digital asset growth ambitions amid an increasingly friendly regulatory environment.
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