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Reporting and Analysis by David Wong.

DAVID WONG 2026-05-08

Kraken Acquires Stablecoin Payments Firm Reap in $600 Million Deal

In a significant move within the cryptocurrency landscape, Kraken has announced its acquisition of Reap, a stablecoin payments firm, for $600 million. This deal underscores Kraken's commitment to expanding its services and enhancing its payment solutions in the digital currency market.