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CryptoMediumUpdated×5•Originally published 5 May 2026•Updated 5 May 2026•

1 min read

Kraken and MoneyGram Partner to Enable Crypto Cash-Outs in 100+ Countries

Key Facts

1Kraken will allow customers to cash out cryptocurrency at MoneyGram locations in more than 100 countries.

2MoneyGram has revamped itself to become more crypto-native over the past three years.

Cryptocurrency exchange Kraken has announced a strategic partnership with MoneyGram to expand options for converting digital assets into physical cash at 500,000 locations across more than 100 countries. Amidst this expansion, Kraken's co-CEO Arjun Sethi confirmed that the platform is now 80% ready for its initial public offering (IPO). The collaboration aims to bridge the gap between digital assets and traditional finance by supporting local bank deposits and cross-border remittance flows. This move follows a multi-year transformation by MoneyGram to become more crypto-native, mirroring strategic shifts seen by competitors like Western Union. The integration is expected to drive further crypto adoption by providing reliable liquidity off-ramps for global users. These developments highlight Kraken's dual focus on infrastructure growth and its upcoming transition to a publicly traded company.

29 days ago

Version History

Version 529 days ago

What changed: Added specific details regarding Kraken's 80% readiness for its IPO based on commentary from its co-CEO.

Version 429 days ago

What changed: Added competitive context regarding Western Union's similar strategic moves in the crypto-to-cash remittance sector.

Version 329 days ago

What changed: The story was updated to include plans for expanding the partnership to support local bank deposits and international remittances.

Version 229 days ago

What changed: The story was updated to specify the exact scale of the physical network, noting that cash-out services will be available at 500,000 locations globally.

Version 129 days ago

What changed: The story was updated to specify that the service supports hundreds of fiat currencies and to include the corporate headquarters of both companies.