WOO X said July 13 that it signed a Memorandum of Understanding with Payward Services, the B2B infrastructure platform from Payward, the company behind Kraken. The agreement is intended to bring crypto trading to WOO X’s European users through Payward Services’ trading-as-a-service offering, making regulated infrastructure the strategic path into EU spot trading.
Under the MOU, the companies intend to enable spot crypto trading for WOO X’s EU users using Payward’s European infrastructure and licensing. WOO X said it would join institutions using Payward Services’ model, including bunq, positioning outsourced trading infrastructure as a faster route than building in-house systems.
The MOU serves as a framework for future cooperation, with both companies planning to share operational updates as specific initiatives are finalized. The key follow-up is whether the planned integration moves from intent to live access for European users, because execution now depends on finalized initiatives, not the MOU itself.
Source: WOO X.
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