Crypto Firm Kraken Plots Bank Purchase to Expand Europe Presence
BLOOMBERG LAW ·
Payward Inc. , the parent company of crypto exchange Kraken, is planning to buy a Lithuanian bank as part of its strategy to expand in Europe, according to people familiar with the deal. The company has been in discussions to acquire a specific lender, the people said, declining to identify it because the talks are private. The transaction would require regulatory approval, and there is no certainty a deal will be reached. A spokesperson for Payward and Kraken declined to comment. Kraken is already authorized to do business in the European Union by having a MiCA license — referring to ... Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Log in to keep reading or access research tools and resources.
DYAX Investor Sentiment
Bullish (Long) 44% · Bearish (Short) 56%
520 participants
Related News
- Crypto Market Offers Pre-IPO Bets on Chinese Chipmaker CXMT
- Trump Gave Saudi Crown Prince Green Light For Attack On Yemen's Sanaa Airport
- Japanese Machinery Orders YoY (May) Y/Y -1.9% vs. Exp. 12.9% (Prev. 15.6%, Low. 0.6%, High. 17%)
- Japanese Machinery Orders MoM (May) M/M -12.4% vs. Exp. -4.2% (Prev. 8.7%, Low. -6.7%, High. 0.4%)
- Gold prices surge following sharp drop in U.S. inflation
- 해외 투자자, 5월 美 증권 1,320억 달러 순매수