Kraken has announced a strategic global partnership with MoneyGram, one of the world’s leading payments networks, enabling millions of customers to convert crypto into cash across more than 100 countries.
Through MoneyGram’s network of nearly 500,000 retail locations spanning 200 countries and territories, Kraken customers will be able to withdraw crypto as cash in hundreds of fiat currencies, with instant or near-instant payouts.
Where crypto meets cash
Access to reliable cash off-ramps has remained one of the biggest barriers to everyday crypto use.
The integration supports transactions where customers send funds to their own accounts, offering a simpler way to move value from crypto into local currency.
Kraken Co-CEO Arjun Sethi said:
“Digital assets only matter at scale when they can interoperate with the financial systems people already depend on. By integrating Kraken’s liquidity, exchange and compliance infrastructure with MoneyGram’s global payout network, we are building a scalable bridge between digital asset markets and local cash economies.”
MoneyGram CEO Anthony Soohoo added:
“True financial inclusion happens when digital value meets everyday life. MoneyGram is the distribution layer that makes crypto accessible at scale: nearly 500,000 retail locations across 200 countries and territories, giving Kraken customers access to the world’s largest crypto-to-cash off-ramp.”
How the integration works
Kraken handles customer onboarding and identity verification, while MoneyGram provides licensed money transmission through its regulated global payment infrastructure.
MoneyGram has spent the past five years expanding into the crypto space, building APIs that allow crypto and fintech partners to connect directly to its network for both domestic and cross-border off-ramps.
Rollout and expansion plans
The service will launch in phases across the US, Europe, Latin America, Africa, and parts of Asia Pacific.
This initial crypto-to-cash withdrawal feature is described as the first step in a broader partnership, with plans to expand into local bank deposits across Kraken and the Kraken global money app over time.
