TLDR
- Kraken and MoneyGram launched crypto-to-cash withdrawals across more than 100 countries.
- The service gives Kraken users access to nearly 500,000 MoneyGram payout locations.
- Kraken handles crypto liquidity, onboarding, identity checks and compliance infrastructure.
- MoneyGram provides regulated cash pickup through its global payments network.
- The partnership may later add local bank deposits and cross-border payout options.
Kraken and MoneyGram have launched a global partnership that allows Kraken customers to convert crypto into cash through MoneyGram’s physical payout network.
The service gives Kraken users access to nearly 500,000 MoneyGram locations across more than 100 countries. Customers will be able to withdraw crypto balances as local currency, with payouts described as instant or near-instant.
The partnership addresses one of crypto’s long-running challenges: moving from digital assets into usable cash without relying only on bank transfers or centralized payment apps.
Kraken Adds Global Cash Off-Ramp
Kraken will provide the crypto exchange, liquidity, onboarding, and compliance infrastructure for the service. MoneyGram will provide the regulated money transmission network and physical cash pickup locations.
The service is designed for users sending funds to their own accounts, creating a direct way to move crypto balances into fiat currency.
Fees will vary by transaction, according to reports. The companies said the service will roll out in phases across the United States, Europe, Latin America, Africa, and parts of Asia Pacific.
Kraken co-CEO Arjun Sethi said digital assets need to work with existing financial systems to reach scale. He said the partnership connects crypto markets with local cash economies.
MoneyGram Expands Crypto Payment Role
MoneyGram has been building digital asset infrastructure for several years. The company has worked on stablecoin settlement, crypto wallets, and APIs that connect fintech and crypto firms to its global payment network.
The firm has also worked with Fireblocks for stablecoin settlement and previously invested in crypto infrastructure through Coinme.
MoneyGram CEO Anthony Soohoo said the company’s retail network gives Kraken customers one of the largest crypto-to-cash off-ramp systems in the world.
The partnership also gives MoneyGram a larger role in crypto payments as traditional remittance firms compete with fintech companies, stablecoin networks, and digital wallets.
Partnership May Expand Beyond Cash
Kraken and MoneyGram said the partnership may later support local bank deposits and cross-border payout options.
The expansion could also connect with Krak, Kraken’s global money app, as the exchange broadens beyond spot crypto trading.
Kraken has been expanding its business ahead of a potential public listing. Its parent company, Payward, filed confidential draft registration documents with the SEC in late 2025.
The company also acquired derivatives exchange Bitnomial and futures platform NinjaTrader, strengthening its position in regulated trading markets.
For users in regions with unstable currencies or limited banking access, the MoneyGram integration could make crypto balances easier to use in daily life. The service connects digital asset accounts with local cash access through existing payment infrastructure.
