Crypto Cracks the Fed: Kraken’s Master Account Approval Signals a New Era for Digital Assets

The banking branch of the crypto exchange, set to IPO soon, will no longer need to rely on intermediary banks.

BY BRIAN CONTRERAS, STAFF WRITER @_B_CONTRERAS_

Kraken co-CEO Arjun Sethi. Illustration: Inc; Photo: Getty Images

The blurring of the line between crypto and mainstream finance is continuing apace under the Trump administration, with influential e-currency exchange Kraken announcing this morning that its banking arm has secured access to Federal Reserve payment infrastructure.

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