Kraken acquires Magna as crypto deals in 2026 expected to smash $37bn record

Payward, the parent company of US crypto exchange Kraken, has bought token management platform Magna for an undisclosed amount. Payward said Wednesday that the deal would help Kraken offer more than just trading infrastructure. Moving forward, the exchange would feature a “fully verticalised product suite.” “This acquisition accelerates Kraken’s evolution into a platform where issuers, builders, and investors can rely on institutional-grade infrastructure from inception through scale,” Kraken’s head of ...