Kraken’s Secret Plan to Control the Future of Crypto

Kraken is no longer trying to be just another cryptocurrency exchange.

Its parent company, Payward, has agreed to acquire Magic Labs’ wallet infrastructure business—technology that has reportedly powered more than 60 million wallets, processed over $10 billion in stablecoin volume and been used by more than 200,000 developers.

In this Daily Crypto Deep Dive, we investigate Kraken’s much bigger strategy.

From embedded wallets and stablecoin payments to tokenised shares, custody, futures, derivatives and traditional financial infrastructure, Kraken is quietly assembling nearly every component required to power the future of digital finance.

Could Payward become the crypto equivalent of Amazon Web Services—providing the hidden infrastructure used by banks, fintech companies, games and financial applications around the world?

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