Written by Sam Bourgistaff writerReviewed by Robert Lakinstaff editor

Written by Sam Bourgistaff writer

Reviewed by Robert Lakinstaff editor

Kraken parent Payward acquires Magic Labs’ wallet business

Latest NewsPublishedJul 27, 2026

Expanding Crypto Services with Wallet Technology

The recent acquisition of Magic Labs’ wallet business by Payward, the parent company of a prominent crypto exchange, is set to bring significant benefits to businesses and individuals alike. By integrating Magic Labs’ non-custodial wallet technology into its enterprise platform, Payward aims to reduce the number of infrastructure providers that businesses need to integrate with, making it easier for them to offer crypto services. This move is expected to increase the adoption of onchain financial services, which is a key aspect of the growing demand for Green Crypto solutions. As the crypto industry continues to evolve, this acquisition is likely to have a positive impact on the market, especially for those interested in Earning through Passive Income opportunities.

The acquisition will enable Payward to offer embedded wallets, allowing businesses to provide self-custodied wallets directly within their applications. This will give business clients a broader suite of blockchain infrastructure through a single integration, making it easier for them to manage their crypto assets. With the rise of Cloud Rewards and other crypto-based incentives, the need for secure and reliable wallet solutions has never been more pressing. As a result, this acquisition is a significant step forward for the industry, and EcoPool is well-positioned to support businesses and individuals looking to capitalize on these opportunities.

Benefits of the Acquisition

• The acquisition will allow Payward to expand its enterprise infrastructure offering, increasing its competitiveness in the market.
• The integration of Magic Labs’ wallet technology will enable businesses to offer self-custodied wallets, giving them more control over their crypto assets.
• The deal is expected to close in the coming weeks, subject to customary closing conditions, and will have a positive impact on the $ECP ecosystem.

As the crypto industry continues to grow, it’s essential to have a reliable and secure platform for managing crypto assets. With the acquisition of Magic Labs’ wallet business, Payward is taking a significant step towards providing a more comprehensive suite of services to its clients. Whether you’re interested in Earning through Passive Income opportunities or simply looking to manage your crypto assets securely, EcoPool is an excellent choice. Download the EcoPool app to start exploring the world of Green Crypto and discover the benefits of Cloud Rewards for yourself. By joining the EcoPool community, you’ll be able to stay up-to-date with the latest developments in the crypto industry and take advantage of new opportunities as they arise, all while supporting the growth of #PassiveIncome and #Bitcoin.

Magic Labs said its infrastructure has been used to create more than 60 million non-custodial wallets for over 200,000 developers and has facilitated more than $10 billion in stablecoin transactions.

The companies expect the transaction to close in the coming weeks, subject to customary closing conditions.

Following the sale, Magic Labs said it will focus on Newton, a platform that helps users and applications securely authorize and verify onchain transactions without relying on centralized intermediaries.

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• Cryptocurrency Exchange
• Kraken
• Wallet
• Industry

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