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Kraken Acquisition | Financial Services Deal in WA

Announced
Financial ServicesWashingtonOther

Deal Overview

Kraken has completed the acquisition of Kraken, a payments processing business in Washington, for $13.3 billion. Kraken operates in financial services, providing crypto payments rails and transaction processing for customers in WA. The company’s payments processing capabilities support faster settlement and reduced complexity for moving funds across bank and credit union infrastructure. The other acquisition follows confidential IPO filing confirmation by Kraken co-CEO Arjun Sethi, with market conditions cited for prior IPO delays. Financial services M&A interest is tied to Kraken’s Fed master account and scale, with deal size figures reported around $13.3 billion amid broader crypto market volatility.

Key Details

Target
Kraken
Deal Size
Over $100M
Reported Value
$13.3 billion

Source

Read full article on bankingdive.com

via Banking Dive · April 15, 2026

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