Deutsche Boerse Acquires $200 Million Stake in Kraken
Deutsche Börse has invested $200 million in Kraken, one of the leading US cryptocurrency exchanges, valuing Kraken's parent company Payward Inc. at $13.3 billion. This investment highlights growing institutional interest and confidence in the crypto market from traditional financial firms.
Deutsche Börse has bought a $200 million stake in one of the most popular cryptocurrency exchanges in the United States, Kraken. The investment marks yet another direct capital injection by a traditional financial firm into a crypto business – a sign of broader institutional participation and deeper interest in the market. According to a Bloomberg report, this values Payward Inc., the parent company of Kraken, at $13.3 billion. The post Deutsche Boerse Acquires $200 Million Stake in Kraken appeared first on CryptoPotato.
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