Payward, the parent company of Kraken, has acquired the wallet business of Magic Labs. This deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate with.
According to reporting from CoinTelegraph, the acquisition expands Payward's capabilities, providing businesses with a more streamlined experience when using its platform.
Kraken is a well-established cryptocurrency exchange, and its parent company Payward is working to enhance its services through strategic acquisitions like this one.