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-0.000199203187251098 0.000547808764940165 0.000498007968127462 -0.000547808764940307 0.00478087649402394 -0.00143525896414337 -0.0205761952191235 0.00483067729083665
Stock impact report

A Crypto Firm Joined an Exclusive Club at the Fed This Week. Here's What the 'Watershed' Moment Means. [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Wyoming Senator Cynthia Lummis, an industry advocate, called the approval a "watershed moment." Crypto just tapped into the U.S. financial system's plumbing. That could mean a gusher of new opportunities for the industry. Kraken , which operates one of the oldest U.S. crypto exchanges, was this week granted approval for what is called a master account—an industry first—giving it access to the Federal Reserve's core payment systems, including Fedwire . That means Kraken's banking subsidiary can use the payment rails used by banks and credit unions to move money between institutions rather than going through an intermediary. That the Federal Reserve Bank of Kansas City approved Kraken's application is a pivotal moment for the industry. It stands to move crypto from the fringes of finance, putting it on the same footing as established banks and paving the way for other digital asset firms to do the same. WHY THIS MATTERS TO CRYPTO Aside from the optics of legitimacy, crypto fi Show less Read more
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