Kraken continues acquisition streak by buying token management firm Magna ahead of IPO push

Kraken, the prominent cryptocurrency exchange and digital asset platform, is continuing its impressive streak of acquisitions by purchasing Magna, a firm that specializes in token management. This strategic move comes just in time as Kraken gears up for its anticipated initial public offering (IPO) push, further solidifying its position in the rapidly evolving crypto market and expanding its array of services in anticipation of becoming publicly traded. source: https://www.coindesk.com/business/2026/02/18/kraken-continues-acquisition-streak-by-buying-token-management-firm-magna-ahead-of-ipo-push