Deutsche Börse Acquires Kraken Stake in $200M Deal – Decrypt
In brief Deutsche Börse has acquired a $200 million stake in Kraken’s parent company, valuing the crypto exchange at $13.3 billion. The deal deepens a partnership spanning FX, custody, settlement, and tokenized assets. An expert said the investment points to a wave of TradFi consolidation around crypto incumbents, with compliance increasingly becoming a competitive advantage….