Berlin, June 2025 – Kraken, one of the longest-standing, most liquid, and secure crypto platforms, has chosen Ivy as a new instant payment provider in Europe. Ivyʼs 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 fiull potential, real-time banking deposits and withdrawals need to be table stakes,ˮ said Kaushik Sthankiya, Global Head ofi Banking h Payments at Kraken. “We believe crypto can fiundamentally reshape fiinancial services and how people interact with money. Thatʼs why weʼre committed to working with innovative partners like Ivy to make transacting with crypto as seamless and intuitive as possible.ˮ
With MiCAR (Markets in Crypto-Assets Regulation) reshaping the European regulatory landscape, Ivyʼs 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 Ivyʼs 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 defiault global and defiault instant - payments and banking should be too. Together, weʼre setting a new standard fior crypto-native payments across Europe.ˮ, 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. Ivyʼs crypto-native infrastructure positions it as a long-term partner for exchanges seeking future-proof and compliant payment and banking solutions.
About Ivy
Ivy is a default global, default instant payment platform. Their platform enables businesses to accept and send global real-time bank transactions, eliminating the need for cards, wallets, and correspondent bank intermediaries. With this, Ivy increases the settlement speed and reduces transaction costs. Currently, over 60 regions worldwide are rolling out instant bank payment rails. Ivyʼs technology makes these local instant payment schemes interoperable. With offices in Berlin, Munich, London, and Helsinki, Ivy is powering global businesses and has secured $30 million in funding from renowned fintech investors like Peter Thielʼs Valar Ventures and Creandum.
Contact
Jacob Steinhardt Head of Growth
About Kraken
Kraken is one of the worldʼs longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 300 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives, and index services under one roof. With millions of individuals, traders, and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.
Contact
Lauren Post [email protected]
