Kraken Parent Payward Bets Big on Financial Infrastructure
Kraken's parent Payward says it is unifying trading, payments, asset management and institutional services onto shared rails, a multi-billion dollar bet to become financial infrastructure rather than just a crypto exchange.
If large crypto exchanges become general financial infrastructure, what happens to their identity as exchanges? Users may gain convenience from combined services, but concentration of trading, payments and asset management inside one company raises questions about competition, oversight and risk management. Should infrastructure providers in crypto be regulated more like banks, or does the underlying technology justify a different framework?
https://www.bonuz.xyz/en/blog/kraken-payward-financial-infrastructure
Kraken's parent Payward says it is unifying trading, payments, asset management and institutional services onto shared rails, a multi-billion dollar bet to become financial infrastructure rather than just a crypto exchange.
If large crypto exchanges become general financial infrastructure, what happens to their identity as exchanges? Users may gain convenience from combined services, but concentration of trading, payments and asset management inside one company raises questions about competition, oversight and risk management. Should infrastructure providers in crypto be regulated more like banks, or does the underlying technology justify a different framework?
https://www.bonuz.xyz/en/blog/kraken-payward-financial-infrastructure
