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Kraken Aims to Become Your Primary Bank, But Who Guards Your Deposits?

Kraken’s parent company intends to secure a position in your financial life well before you purchase Bitcoin and long after you liquidate it. On October 14, Payward agreed to acquire Saldo Finance Oy, the Finnish entity that owns Lithuania’s Saldo Bank. The transaction is projected to close in 2027, pending regulatory approval. This acquisition would introduce deposit accounts to Kraken’s ecosystem,…