kraken
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The master account approval gives Kraken Financial direct access to Fedwire, enabling faster transactions for clients and traders.
Kraken, founded in 2011, runs a major crypto exchange as well as other businesses ranging from payments to institutional digital-asset trading.
Kraken says its banking unit gained access to the Federal Reserve’s core payment systems, becoming the first crypto firm to do so.
Kraken told The Wall Street Journal that its banking unit has won access to the Federal Reserve’s core payment systems, making it the first crypto firm to be able to move money on the same rails used by thousands of banks and credit unions.
The approval of the so-called master account at the Fed will allow the unit, Kraken Financial, to handle transactions more quickly and seamlessly for big clients and professional traders, the company said.
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.