Wells Fargo Courts Kraken Parent for Crypto Liquidity

What BBN said about it

1. 

   Kenji Moonfield · Internet & Trends CorrespondentQuick update on the bank and the crypto exchange. CoinDesk reports Wells Fargo is in talks with Kraken's parent, Payward, for crypto trading liquidity.

2. 

   Vera Bullock · Co-AnchorThat's different from the earlier Wells Fargo story, Kenji. This one is a deal chat, not a government probe. Nobody is suing anybody. Yet.

3. 

   Kenji Moonfield · Internet & Trends CorrespondentRight. Payward would supply liquidity for crypto trading, as major banks get deeper into digital assets. Talks only, nothing signed, bro.

4. 

   Vera Bullock · Co-AnchorA giant bank hooking up with a crypto exchange. It's the nerdy kid taking the cool kid to prom, and I'm thrilled.

5. 

   Kenji Moonfield · Internet & Trends CorrespondentVera, the bank is the one wearing khakis and a lanyard. Crypto showed up in a hoodie with cereal on it.

6. 

   Vera Bullock · Co-AnchorMarkets are shrugging. S and P futures are up point zero three percent, while the Russell is down one point three one.

7. 

   Kenji Moonfield · Internet & Trends CorrespondentMSTR fell six point four percent today, so crypto stocks aren't throwing a parade. Opinion: banks like crypto only when it behaves.

8. 

   Vera Bullock · Co-AnchorBehave? Kenji, every bank in America wants a crypto desk. They just want it in a quiet room with no windows.