Kraken is paying $600 million for a Hong Kong stablecoin firm, and the real target is clear: the payment rails, not just the trading screen. Payward Inc., Kraken’s parent company, is acquiring Reap Technologies for $600 million. The deal uses a cash-and-stock structure tied to Kraken’s $20 billion valuation. Reap specializes in stablecoin-based business payments, […]
Read Full Article
Washington’s long-stalled crypto market structure bill is finally inching forward, but it’s doing so in classic D.C. fashion: with compromise, suspicion, and a side order of political mud wrestling. At the same time, Kraken is rolling out regulated leverage for U.S. retail traders, World Liberty Fi is reshaping WLFI token unlocks, and fresh geopolitical tension […]
Read Full Article
Kraken is signaling it wants to go public while widening its payments reach through MoneyGram, even as U.S. banks dig in against crypto-friendly legislation in the CLARITY Act fight. That’s not just corporate theater. It’s a clean snapshot of where the power struggle is heading: exchanges want legitimacy, banks want to protect their turf, and […]
Read Full Article
Kraken is joining forces with MoneyGram to make crypto cashouts far more practical, giving users a global route from digital assets into local fiat across nearly 500,000 locations in more than 100 countries. Nearly 500,000 MoneyGram cashout locations Available in 100+ countries Built for users in volatile markets Strengthens Kraken’s global off-ramp network This is […]
Read Full Article
Payward, the company behind Kraken, has filed a lawsuit accusing former custodian Etana Custody and its CEO Brandon Rusell of misusing more than $25 million in client funds, falsifying balances, and running what it calls a “Ponzi-like” scheme. At the same time, Kraken is pushing deeper into regulated U.S. derivatives after completing its Bitnomial acquisition. […]
Read Full Article
Kraken is pressuring U.S. lawmakers to stop treating tiny crypto payments and staking rewards like a paperwork crime scene. The exchange wants Congress to modernize crypto tax rules with a de minimis exemption for small transactions and a better approach to staking income, arguing the current setup is a blunt, outdated mess. 56 million digital […]
Read Full Article
Kraken’s $550M Bitnomial Acquisition: A Bold Grab for U.S. Crypto Derivatives Control Payward Inc., the parent company behind the cryptocurrency exchange Kraken, has unleashed a game-changing move with its $550 million acquisition of Bitnomial, a Chicago-based crypto derivatives platform. This cash-and-stock deal, pending regulatory nods from the Commodity Futures Trading Commission (CFTC) and set to […]
Read Full Article
Payward’s $550M Bitnomial Acquisition: A Game-Changer for US Crypto Derivatives Payward, the parent company behind the heavyweight crypto exchange Kraken, has dropped a bombshell with its $550 million acquisition of Bitnomial, a Chicago-based crypto derivatives platform. Valuing Payward at a staggering $20 billion, this deal isn’t just a flashy headline—it’s a calculated strike to dominate […]
Read Full Article
Deutsche Börse Drops $200M on Kraken as UK Tackles Crypto Regulation Two major events are reshaping the cryptocurrency landscape: Deutsche Börse, a titan of German finance, has invested a staggering $200 million in Kraken, a leading crypto exchange, while the UK government has launched a public consultation to craft a regulatory framework for digital assets. […]
Read Full Article
Kraken’s Power Play: $550M Bitnomial Acquisition Sets Stage for IPO and Regulated Crypto Derivatives Kraken has just made a seismic move in the cryptocurrency exchange space by acquiring Bitnomial, a US-based crypto derivatives platform, for $550 million. Through its parent company Payward, Kraken is not only eyeing dominance in the regulated derivatives market but also […]
Read Full Article