Kraken Partners with MoneyGram to Expand Cryptocurrency Accessibility

Kraken, a leading cryptocurrency exchange, has announced a significant partnership with MoneyGram to revolutionize the way users convert their digital assets into physical cash. The partnership will enable Kraken's customers to withdraw their funds at hundreds of thousands of locations across nearly 200 countries and territories.

The service will be available in over 100 countries, supporting withdrawals in hundreds of local currencies. According to the agreement, Kraken will handle customer sign-ups and identity verification, while MoneyGram will provide licensed transaction services through its regulated payment system.

This partnership marks a significant milestone for Kraken as it works towards becoming a publicly traded company. In an interview at Consensus Miami 2026, Jesse Powell, CEO of Kraken, revealed that the company is '80% ready' to go public. Kraken had previously filed confidential paperwork with the Securities and Exchange Commission in November but put its initial public offering on hold due to market conditions.

The remaining preparation work involves fine-tuning the company's cost control and automation processes. This partnership with MoneyGram is seen as a key step towards increasing Kraken's visibility and accessibility, making it an attractive investment opportunity for potential shareholders.