Post #11680

Kraken acquires token manager Magna Kraken declined to disclose the terms of the acquisition, which closed on Friday. It’s the exchange’s sixth deal over the past year, including its $1.5B purchase of the U.S. futures platform NinjaTrader in March. In November, Kraken filed confidentially for an IPO, and, in February, it released some of its 2025 financials, in much the same way public companies report their annual returns. Magna is a token distribution software that makes it easier for protocols, DAO and crypto funds to send and receive tokens. 🔗fortune.com/2026/02/18/kraken-acquires-magna-token-management-platform @TOP7ICO