We are excited to announce a new global strategic partnership with MoneyGram, one of the world’s leading global payments networks. This is the first step in a broader partnership, which will expand over time to include local bank deposits and utilize MoneyGram’s cross-border remittance flows.
Through this partnership, millions of our customers will be able to withdraw cryptocurrencies as cash in hundreds of fiat currencies, in over 100 countries around the world, using MoneyGram’s extensive global cash withdrawal network.
Where Crypto Meets Cash
As crypto adoption continues to grow globally, access to reliable money on-ramps remains a major barrier to everyday use. By combining our crypto infrastructure with MoneyGram’s extensive network of physical, digital and stablecoin payments, this partnership bridges the gap between digital assets and local currency movements.
The integration supports transactions where our customers send funds to their own accounts, introducing a simpler and more flexible way to transfer funds from crypto to local currency. Through MoneyGram’s global network, customers can now access instant or near-instant cash payments, significantly improving the real-world usability of crypto.
Arjun Sethi, co-CEO of Kraken: “Digital assets only matter at scale when they can interact with the financial systems people already depend on. By integrating Kraken’s liquidity, exchange and compliance infrastructure with MoneyGram’s global payments network, we are building a scalable bridge between digital asset markets and local currency economies. The future of finance will be defined by convergence: a unified financial stack where crypto and traditional rails work together to move value more efficiently.”
Anthony Soohoo, CEO of MoneyGram: “True financial inclusion happens when digital value meets everyday life. MoneyGram is the distribution layer that makes crypto accessible at scale: nearly 500,000 points of sale in 200 countries and territories, giving Kraken customers access to the world’s largest cryptocurrency off-ramp.”
Institution-led crypto innovation in practice
MoneyGram has spent decades building the foundation needed to move money securely and reliably at scale. Over the past five years, the company has expanded into the crypto space, with APIs that allow crypto and fintech partners to connect directly to its global network and offer domestic and cross-border exits.
This integration securely expands exit options for our customers.
We are responsible for customer onboarding and identity verification, while MoneyGram provides the licensed money transfer service through its regulated global payments infrastructure and compliance framework.
Built for impact today with a clear path to expansion
The service will be rolled out gradually across our platforms, supporting customers in the United States, Europe, Latin America, Africa and parts of Asia Pacific.
This is the first step in a broader partnership between the two companies. Although the initial goal is to enable seamless cryptocurrency withdrawals, the partnership will expand over time to include local bank deposits on Kraken and the global Krak money app.
