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Kraken Acquires Saldo Bank in Major Crypto Banking Shift

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Kraken is set to become a full-fledged bank after its parent company, Payward, agreed to acquire Saldo Bank, a licensed institution in Lithuania. The deal, announced on October 19, 2026, is subject to regulatory approval and is expected to close in 2027. Once finalized, Kraken will gain the ability…

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