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Results for "Kraken"

3 total
Kraken Replaces LayerZero With Chainlink for Cross-Chain Assets
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1.5 min read

Kraken Replaces LayerZero With Chainlink for Cross-Chain Assets

Kraken is replacing LayerZero with Chainlink CCIP as the exclusive cross-chain infrastructure for its wrapped assets including kBTC, triggering the migration of over $3 billion in TVL. The shift follows a $292 million LayerZero-powered exploit on Kelp that exposed risks in legacy cross-chain setups and mirrors moves by other platforms.

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Kraken Parent Payward Buys Reap for $600 Million
BREAKINGVERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1 min read

Kraken Parent Payward Buys Reap for $600 Million

Payward Inc., Kraken's parent, agreed to acquire Hong Kong stablecoin payments firm Reap Technologies for $600 million in cash and stock. The deal expands the company into Asian cross-border payments and marks its second major acquisition in a month after buying Bitnomial.

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Payward Closes $550M Bitnomial Deal, Securing CFTC Derivatives Stack
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1.5 min read

Payward Closes $550M Bitnomial Deal, Securing CFTC Derivatives Stack

Payward, the parent of Kraken, has acquired Bitnomial for up to $550 million in cash and stock. The deal provides a complete CFTC-regulated derivatives stack, enabling direct offering of regulated crypto products in the U.S. and following its earlier NinjaTrader purchase.

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