Kraken, one of the longest-standing, most liquid, and secure crypto platforms, has chosen Ivy as a new instant payment provider in Europe. Ivy’s payment platform is one of the de facto standards for European crypto leaders, offering crypto-native accounts, real-time deposits, withdrawals, and settlement in stablecoins. 

A Payment Solution Designed to Meet Crypto Merchants' Needs 

Kraken, with over 15 million customers worldwide, is partnering with Ivy, allowing users to deposit and make instant buy spot purchases via instant bank payments. Ivy has deep expertise in the crypto space, offering a purpose-built payments platform for the crypto industry.

“For crypto to reach its full potential, real-time banking deposits and withdrawals need to be table stakes,” said Kaushik Sthankiya, Global Head of Banking & Payments at Kraken. “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.” 

With MiCAR (Markets in Crypto-Assets Regulation) reshaping the European regulatory landscape, Ivy’s status as a European licensed Payment Institution, as well as its footprint in the industry, makes it the clear choice for leading crypto exchanges seeking to future-proof their growing European operations. 

All-in-One Solution: Instant Onramps, Collection Accounts, and Payouts Kraken will integrate Ivy’s product suite to offer streamlined payment solutions: 

● Instant Bank Payments via SEPA Instant 

● Collection Accounts with local IBANs to simplify reconciliation and compliance

“Our mission is to make money move at internet speed. 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.”, said Ferdinand Dabitz, CEO and Co-Founder of Ivy. 

As global cryptocurrency adoption continues to rise, with 659 million global users in 2024, according to crypto.com, this partnership meets the growing demand for faster and more reliable access to digital assets. Ivy’s crypto-native infrastructure positions it as a long-term partner for exchanges seeking future-proof and compliant payment and banking solutions.