Deutsche Börse Acquires $200 Million Stake in Kraken
Deutsche Börse, the Frankfurt Stock Exchange operator, https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Kraken-and-Deutsche-B-rse-Group-Announce-Strategic-Partnership-to-Bridge-Traditional-and-Digital-Markets-4839092">said it has made a strategic investment of $200 million in Kraken, representing a 1.5% stake in the crypto exchange.
The deal, made through acquiring existing shares, values Kraken at $13.3 billion.
That’s lower than Kraken’s valuation of ...