The move gives the crypto exchange direct ownership of a bank within the European Union regulatory system. This acquisition enables the firm to scale its operations in the region using an existing licensed banking framework to provide services to its users.
Tuesday, October 20, 2026
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Kraken Buys Saldo Bank to Secure EU Banking License
Crypto7 days ago
The cryptocurrency firm is acquiring a financial institution in Lithuania to establish a regulated presence in Europe. Kraken has agreed to purchase Saldo Bank, an EU regulated entity, and aims to finalize the transaction in 2027.
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