Wells Fargo’s Payward Talks Put Crypto Liquidity in Focus

The discussions raise questions about how banks will divide trading, custody and execution responsibilities with crypto specialists. Wells Fargo is reportedly in talks with Payward, the parent company of cryptocurrency exchange Kraken, over a potential arrangement to provide liquidity for digital asset trading. The discussions, first reported by CoinDesk , citing two people with direct knowledge of the matter, remain ongoing and may not result in a deal. Neither company has publicly disclosed the proposed commercial terms, trading products or intended customer base.

Source: Crypto News Flash