Crypto brand Kraken has partnered with Ivy to become its new instant payment provider in Europe.
Ivy’s platform permits crypto native accounts, real-time deposits, withdrawals and settlement in stablecoins.
The deal will allow Kraken’s customers to deposit and make instant buy spot purchases through instant bank payments, the companies said in a joint media statement at Money 20/20 Europe on Tuesday (4 June).
Kaushik Sthankiya, Global Head of Banking & Payments at Kraken, said: “For crypto to reach its full potential, real-time banking deposits and withdrawals need to be table stakes.
“We believe crypto can fundamentally reshape financial services and how people interact with money. That’s why we’re committed to working with innovative partners like Ivy to make transacting with crypto as seamless and intuitive as possible.”
The companies said that the partnership meets growing customer demand for faster and more reliable access to digital assets, noting that Ivy’s crypto-native infrastructure positions it as a “long-term partner for exchanges”.
“Our mission is to make money move at internet speed,” said Ferdinand Dabitz, CEO and Co-Founder of Ivy.
“Companies like Kraken are already default global and default instant – payments and banking should be too. Together, we’re setting a new standard for crypto-native payments across Europe.”
Ivy has offices in Berlin, Munich, London, and Helsinki and has previously confirmed landing $30 million of funding from fintech investors including Peter Thiel’s Valar Ventures and Creandum.
