Kraken parent Payward agrees to buy Saldo Bank for an EU banking license

Crypto Insight Summary: Kraken parent Payward agreed to buy Lithuania-licensed Saldo Bank and its EU banking license. The deal needs regulatory approval and targets a 2027 close. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Potential EU banking license for Kraken may boost institutional trust but timeline is distant.