Kraken owner Payward to acquire European bank
Summary
The owner of the crypto exchange Kraken is set to acquire a European bank, marking a strategic move towards integrating traditional financial services with the crypto sector. This initiative is part of a broader trend where crypto firms aim to obtain full banking licenses in Europe, particularly in jurisdictions like Lithuania, allowing them to provide deposit services and a wider range of financial products within EU regulatory frameworks. Such acquisitions align with the ongoing efforts among exchanges to enhance their service offerings and facilitate 24/7 settlement for institutional clients.
Analysis
Kraken: Kraken is a cryptocurrency exchange that provides trading, derivatives, staking, and related digital asset services to retail and institutional clients globally. Its parent company Payward is actively expanding regulatory footprints and pursuing banking-related capabilities in Europe to deepen integration between crypto and traditional finance. European Regulatory Push: Crypto firms are increasingly targeting full banking licenses in jurisdictions like Lithuania to offer deposit services and broader financial products under EU frameworks. TradFi Integration Trend: Exchanges and their parents are forming partnerships with banks and exploring acquisitions to enable 24/7 settlement and expanded institutional services.
Categories
crypto
Related sources
- https://support.kraken.com/articles/asset-delistings-october-2026
- https://www.cryptotimes.io/tag/kraken/
- https://brokerchooser.com/news/kraken-pursues-european-banking-license-eyes-lithuania-as-entry-point--9c6ebcc3
- https://blog.kraken.com/?s=new+listing
- https://economictimes.indiatimes.com/topic/kraken-cryptocurrency-exchange
- https://www.coindesk.com/business/2026/07/07/crypto-exchange-kraken-is-trying-to-become-a-bank-in-europe
- https://thepaypers.com/crypto-web3-and-cbdc/news/kraken-plans-uae-launch-after-receiving-full-vara-approval
- https://www.tokenpost.com/tag/kraken
- https://micawatch.com/entity/casp/kraken
- https://thegodfunded.com/en/tools/kraken/
- https://support.kraken.com/articles/kraken-s-acquisition-of-bcm-frequently-asked-questions
- https://crypto.news/?s=Kraken
- https://www.crowdfundinsider.com/tag/kraken/
- https://blog.kraken.com/
- https://blog.kraken.com/?s=SN