Kraken Partners With MoneyGram for Global Crypto Cash-Outs at 500,000 Locations

Kraken partnered with MoneyGram to enable users to convert cryptocurrency into cash at nearly 500,000 MoneyGram locations across over 100 countries. The partnership significantly expands crypto off-ramp infrastructure, allowing users to access local fiat currency globally. Kraken Co-CEO Arjun Sethi stated the initiative targets users in volatile markets who rely on crypto for savings and payments.

Kraken-MoneyGram partnership

• ▪Kraken Co-CEO Arjun Sethi stated the partnership targets users in volatile markets who use crypto for savings and payments.
• ▪Kraken partnered with MoneyGram to enable crypto cash-outs.

Global cash-out network

• ▪The Kraken-MoneyGram partnership enables users to cash out crypto at nearly 500,000 locations.
• ▪The Kraken-MoneyGram partnership operates in over 100 countries.

Fiat off-ramp infrastructure

• ▪The Kraken-MoneyGram partnership strengthens Kraken's global off-ramp system.
• ▪The Kraken-MoneyGram partnership improves access to local fiat currency.

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