[Kraken Acquires Token Management Company Magna to Prepare for IPO] BlockBeats News, February 18, according to Fortune, cryptocurrency exchange Kraken announced on Wednesday that it has acquired the token management platform Magna. Kraken declined to disclose the specific terms of the acquisition, which was completed last Friday. This marks Kraken's sixth transaction in the past year, including the $1.5 billion acquisition of U.S. futures platform NinjaTrader in March this year.