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Kraken acquires Magna to bolster support for token issuers
Feb 18, 2026, 1:00 AM10
(Update: Feb 18, 2026, 1:00 AM)
business
innovative
impactful
Kraken acquires Magna to bolster support for token issuers
- Kraken acquired Magna, a platform that helps manage the distribution of tokens for crypto startups.
- This acquisition is in line with Kraken's strategy to expand its product suite ahead of its IPO.
- By enhancing its offerings, Kraken aims to compete effectively in the evolving cryptocurrency exchange landscape.
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2026 All rights reserved
2026 All rights reserved