Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg
Kraken parent company Payward agreed to acquire stablecoin-focused payments firm Reap Technologies in a $600 million cash-and-stock deal, Bloomberg reported Thursday, citing Payward and Kraken co-CEO Arjunt Sethi. The acquisition values Payward stock at $20 billion and marks Kraken’s first infrastructure acquisition in Asia, according to the report. Sethin told Bloomberg the deal is also…