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Tuesday, October 20, 2026Updated 01:23 UTC

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Kraken Parent Payward Moves Into European Banking With Saldo Deal

Source: NewsBTC · Oct 19, 2026 20:00 UTC

Rolls of U.S. dimes and nickels in paper coin wrappers — File photo dmuth / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Payward, the company behind crypto exchange Kraken, has agreed to acquire Lithuania-based Saldo Bank, taking a route into European banking that goes beyond obtaining another exchange registration. TL;DR: The proposed acquisition would give Payward an existing licensed banking operation in Europe. The deal remains subject to regulatory approval and is expected to close in 2027. Saldo provides banki

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