Kraken Partners with MoneyGram to Enable Global Crypto-to-Cash Withdrawals

Kraken, a leading cryptocurrency platform, has announced a strategic partnership with MoneyGram, a global payments network. This collaboration enables Kraken customers to withdraw their cryptocurrencies as cash in hundreds of fiat currencies across more than 100 countries using MoneyGram's extensive global cash pickup network.

The integration of Kraken and MoneyGram's systems is designed to address one of the biggest challenges facing cryptocurrency adoption: access to reliable cash-off-ramps for everyday use. By combining Kraken's crypto infrastructure with MoneyGram's payments network, the partnership provides a bridge between digital assets and local money movement, making it easier for people worldwide to use cryptocurrencies in their daily lives.

The service will roll out across Kraken's platforms in phases, supporting clients 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, which will expand over time to include local bank deposit and additional cross-border payout options.