Exchanges· ★★★· neutral·

Kraken parent Payward to buy Saldo Bank, blending banking with crypto

  • —Saldo Bank at June 2026: €196.9M in assets, €169.4M retail deposits, €129.5M gross loan book
  • —Deposits fall under Lithuania's €100,000-per-depositor guarantee; Kraken e-money balances do not
  • —Saldo's loans over 90 days overdue more than doubled in 2025
  • —The acquisition is expected to close in 2027 if regulators approve
Why it matters: Kraken is moving into banking, but customers must distinguish protections for deposits, e-money and crypto.
Source: CryptoSlate
More on this
Exchanges · Sep 27
Kraken parent Payward to acquire a European bank 'soon'
 Exchanges · Oct 8
Wells Fargo in talks with Kraken parent Payward for crypto trading liquidity
 Exchanges · Oct 14
Kraken Parent Payward Wins Full Dubai License, Plans UAE Launch