Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push

Kraken's parent company Payward has agreed to acquire Saldo Bank as part of a push into European banking services. The deal would let the crypto exchange expand beyond digital assets into regulated banking offerings in Europe. A major exchange moving into traditional finance signals growing crypto-fiat integration, which traders may read as a positive institutional adoption step, though no deal terms or timeline were disclosed.