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Kraken Parent to Buy Reap for $600 Million
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Kraken Parent to Buy Reap for $600 Million

Bloomberg Tech · May 7, 2026, 12:01 PM · Also reported by 3 other sources

The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies, a stablecoin-oriented provider of cross-border and business payments services.

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Decrypt Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg Yahoo Finance Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg CoinDesk Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg

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