Wells Fargo in Talks with Kraken's Parent Company for Crypto Trading Liquidity Partnership
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Kraken's parent company, Payward, is in discussions with Wells Fargo to become its liquidity provider for cryptocurrency trading. Negotiations are still ongoing, and an agreement may not be reached; both parties declined to comment. Previously, Wells Fargo had offered a spot Bitcoin ETF to eligible wealth management clients and served as the exclusive capital markets advisor for Nasdaq's $100 million investment in Payward in September. Additionally, Payward is also in talks with BNY for collaboration.
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