Kraken to merge exchange, broker and bank on a single ledger
- —Clients would hold cash, crypto, tokenized stocks and futures margin in a single balance
- —Europe will get interest on balances and collateralized loans first
- —The Saldo acquisition is expected to close in 2027
- —Sethi said Kraken spent 15 years building custody, cold wallets and KYC infrastructure
Why it matters: Kraken is positioning itself as a crypto bank offering yield and lending, raising competition with Coinbase and traditional banks in Europe.
Source: TokenPost
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