Kraken parent company Payward to acquire Saldo Bank

Key facts

• Payward, the parent company of cryptocurrency exchange Kraken, will acquire Saldo Bank.
• The acquisition is part of Kraken's strategy to expand its financial services.
• Saldo Bank is a European digital bank.

Payward, the parent company of cryptocurrency exchange Kraken, has announced its intention to acquire Saldo Bank, a European digital bank. This move signifies Kraken's ambition to broaden its financial service offerings beyond digital assets and establish a stronger presence in the European market.