Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending

Crypto Insight Summary: Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending. Crypto Insight Analysis: Direction: Bullish KRAKEN Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Kraken's EU expansion through bank acquisition strengthens its market position and services.