Reap
Coverage of Reap in the Nexus archive.
- Kraken parent Payward sees revenue surge as tokenization expands
Payward, Kraken's parent company, saw a revenue surge due to tokenization expansion and increased futures trading activity. Futures trading rose 51% year-over-year. The expansion was fueled by acquisitions including Bitnomial, Backed, and Reap.
- Kraken parent Payward to buy Reap in $600M stablecoin payments push
Kraken parent Payward has agreed to buy Reap for up to $600 million, expanding its capabilities in card issuance and stablecoin payments on its B2B platform. This acquisition adds new features to Payward's services. The deal is valued at $600 million.
- Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg
Kraken's parent company has acquired Reap, an Asian stablecoin firm, for $600 million, marking Kraken's largest acquisition to date. This deal will help Kraken expand into Asian cross-border payments through stablecoin infrastructure. The acquisition is a significant step in Kraken's growth strategy.
- Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg
Kraken is set to acquire Reap, a stablecoin payments firm, in a deal worth $600 million. This acquisition marks a significant expansion of Kraken's operations in the digital currency space. The purchase underscores Kraken's strategic moves to bolster its presence in the market.
- Kraken Parent to Buy Reap for $600 Million
Kraken's parent company is buying Reap for $600 million. The deal was announced during the Bitcoin 2026 conference in Las Vegas. Kraken is expanding its operations through this acquisition.