Major US bank BNY explores partnership with Kraken parent company Payward
BNY Mellon (Bank of New York Mellon), one of the largest financial institutions in the world, is in discussions with Payward, the company that owns the Kraken crypto exchange, about an infrastructure partnership. This collaboration would connect traditional banking infrastructure with crypto exchange operations. Such partnerships signal that major traditional financial institutions are increasingly comfortable working with crypto companies. Infrastructure partnerships allow crypto firms to integrate with traditional banking systems, making it easier for users to move money between crypto and regular bank accounts. This move represents mainstream finance gradually embracing crypto rather than viewing it as separate or hostile. The partnership could accelerate the integration of crypto into traditional financial services.
Pourquoi c'est important
When established banks partner with crypto exchanges, it legitimizes the industry and makes it easier for regular people to use crypto. It's a sign that crypto is moving from the margins into mainstream finance.
