Kraken has secured access to the Fed's core payment system, WSJ reports

Kraken has secured access to the Fed's core payment system, WSJ reports.

Kraken gaining access to the Fed's core payment system is significant as it may enhance the exchange's credibility and operational capabilities within the U.S. financial system. This development could reflect a broader trend of increasing integration between traditional finance and cryptocurrencies, potentially influencing regulatory perspectives and market dynamics in both crypto and forex spaces.