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Kraken Acquires Token Custodian Company Magna in Preparation for Its IPO

2026-02-18 15:34

BlockBeats News, February 18th, according to Fortune report, cryptocurrency exchange Kraken announced that it has acquired token custody platform Magna. Kraken declined to disclose the specific terms of the acquisition, and the transaction was completed last Friday. This is Kraken's sixth acquisition in the past year, including the acquisition of U.S. futures platform NinjaTrader for $1.5 billion in March 2025.

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