US crypto firms expand offerings as Trump takes over

Kraken Pay is only the latest product in the growing crypto payments landscape

article-image

Sergei Elagin/Shutterstock modified by Blockworks

share


This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.


Bank of America CEO Brian Moynihan last week said that the US banking industry will have to adapt their businesses to allow for crypto payments, should regulations progress. 

“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan told CNBC at the World Economic Forum. 

Crypto exchange Kraken today launched a new payments platform — Kraken Pay, which allows customers to transfer assets directly from their exchange accounts. Kraken Pay supports more than 300 fiat currencies and crypto tokens. Sending assets is free, but converting assets from one currency to another when making a transfer will come with fees. 

​​“Crypto isn’t just the future of finance — it’s the now,” Kraken global head of consumer Mark Greenberg said. “We’re eliminating the barriers of slow payments and outrageous fees while bringing real-world utility to your fingertips.” 

Kraken Pay is only the latest product in the growing crypto payments landscape. 

Payment service Venmo dipped its toe in the crypto pool back in 2021. Ripple says its payments product is getting a facelift this year. 

The payments space, from cross-border and remittances to peer-to-peer transactions, has long been an area crypto fans insist is ripe for disruption. 

With more crypto-friendly federal regulators in charge and increased retail and institutional investor interest, 2025 just may be the year we really start to see this sector of crypto take off.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy

article-image

A valuation model for “blockchain GDP”

article-image

The mini app combines vibe-coding with a hypercasual game feed and is coming to the new Coinbase Wallet