Kraken Is Buying A Bank. Yes, An Actual Bank. Remember when crypto exchanges were supposed to replace traditional banks? Well, now they're buying them. đ
Kraken's parent company, Payward, is acquiring Saldo Bank, a licensed European bank based in Lithuania. The idea is pretty straightforward: bring crypto trading, regular banking, lending, and payment cards closer together instead of making customers jump between different providers. The deal still needs regulatory approval and is expected to close in 2027. Crypto companies spent years building alternatives to banks. Now some of them seem more interested in becoming banks themselves. And honestly, that might be a much bigger shift than another $BTC price rally. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#