[CRYPTO]■ STORY TIMELINE

PAYWARD BUYS REAP FOR $600M AT $20B VALUATION

Payward, parent company of crypto exchange Kraken, has agreed to acquire Hong Kong-based Reap Technologies for $600 million. The acquisition values Payward at $20 billion.

1 SOURCEFIRST SEEN MAY 7, 12:35 PM► READ THE ARTICLE

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Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for $600M, and issues stock at a $20B valuation (Crystal Tse/Bloomberg)

Crystal Tse / Bloomberg: Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with…

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