Prospective Kraken IPO Just Became More Attractive

Kraken, one of the largest US-based crypto exchanges, has acquired the token management platform Magna. The move marks another step in its aggressive expansion as it prepares for an initial public offering (IPO). Kraken Acquires Magna Amid US IPO Push The terms of the acquisition, which closed Friday, were not disclosed. Still, this marks Kraken’s sixth deal in the past year. Others include: $1.5 billion purchase of US futures platform NinjaTrader in March Acquisitions of tokenized stock provider Bac ...