Payward, the parent company of Kraken, is in talks with Wells Fargo to become the bank’s cryptocurrency liquidity provider, according to a report cited by Odaily and attributed to CoinDesk. The proposed arrangement would center on supplying liquidity for digital-asset trading. The report does not disclose further terms of the discussions.
It also notes a prior connection between the two sides. Wells Fargo had previously served in an advisory role for Nasdaq’s investment in Payward. That investment was valued at $100 million. No timeline for the new talks or any final agreement was provided in the source material.
The development points to a potential business relationship focused on market infrastructure rather than custody or retail trading. Beyond the reported talks and the earlier advisory work tied to Nasdaq’s investment, no additional details were disclosed.
Payward, the parent company of Kraken, is in talks with Wells Fargo to become the bank’s cryptocurrency liquidity provider, according to CoinDesk in a report cited by Odaily.
The proposed cooperation would involve providing liquidity for digital-asset trading.
The report also said Wells Fargo had previously advised on Nasdaq’s $100 million investment in Payward.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
