# Beyond the Exchange: Kraken Parent Payward Spends Billions to Become the Backbone of Finance

For 15 years, Kraken's business was running a crypto exchange. Over just the past two, its parent company has spent billions of dollars on acquisitions: a futures brokerage, a derivatives exchange and, if its co-CEO is right, soon a European bank as well.Payward, the Wyoming-based firm that owns Kra

| Fact | Value |
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| Published | 27 September 2026 |

Source: https://egamers.io/beyond-the-exchange-kraken-parent-payward-spends-billions-to-become-the-backbone-of-finance/