Kraken and MoneyGram launch global crypto-to-cash withdrawals

Kraken and MoneyGram now let users convert crypto to cash at 500,000+ locations in 100+ countries, improving global access to fiat withdrawals and addressing key off-ramp challenges.

Kraken has partnered with MoneyGram to allow users to convert cryptocurrency into cash at nearly 500,000 MoneyGram locations in over 100 countries. This collaboration addresses a key challenge in the digital asset ecosystem by offering a reliable and scalable off-ramp for crypto holders, particularly in regions with unstable currencies or limited banking access. Users can now withdraw crypto as cash in hundreds of fiat currencies, with fees varying by location and transaction size. The integration combines Kraken’s liquidity and compliance infrastructure with MoneyGram’s global payout network, aiming to streamline and accelerate access to cash from digital assets. Looking ahead, the partnership plans to expand further by adding local bank deposits and cross-border remittance flows, enhancing the real-world usability of crypto for millions of users worldwide.