Kraken parent company partners with Singapore bank for 24/7 crypto settlement
Payward, the company that operates the Kraken crypto exchange, has partnered with Singapore Gulf Bank to offer 24/7 institutional cryptocurrency settlement services. This partnership enables institutions to settle and move dollars on the blockchain at any time, removing the traditional banking constraint of business-hour-only transactions. Previously, institutional crypto trading was limited by banking hours, which could delay settlement of large trades. This partnership represents significant infrastructure progress for institutional adoption of crypto. The ability to settle trades instantly at any hour makes crypto more competitive with traditional financial markets for large investors.
Pourquoi c'est important
As crypto infrastructure improves with services like this, institutions are more likely to move money into crypto, which can drive adoption and prices higher. For beginners, better infrastructure means the crypto market is becoming more professional and reliable.
