Kraken Parent Company Payward Integrates Trading, Banking, and Asset Management Services Infrastructure

Odaily News: Payward, the parent company of cryptocurrency exchange Kraken, is integrating trading, banking, asset management, and institutional services into a unified infrastructure.

Payward is expanding its platform through internally developed products, acquiring capabilities that would take too long to build in-house, and partnering with established financial institutions. The company stated it has achieved profitability and has no urgent plans to pursue an initial public offering. (CoinDesk)