Kraken wants to be your bank, but who will protect your money?

Kraken's parent company wants a place in your finances long before you buy Bitcoin and long after you sell it. On Oct. 14, Payward agreed to acquire Saldo Finance Oy , the Finnish owner of Lithuania's Saldo Bank, in a deal expected to close in 2027 if regulators approve it. The purchase would add deposit accounts, lending and payment services to a group better known for handling crypto trades, extending the banking push . Putting a customer's salary, savings and Bitcoin holdings into a future Payward app could make them look like parts of one account, but that wouldn't make the money equally protected.

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