Deutsche Börse Acquires $200 Million Stake in Kraken, Valuing Exchange at $13.3 Billion
Traditional finance is doubling down on crypto. Deutsche Börse AG, the Frankfurt-based operator of one of Europe’s largest stock exchanges, has acquired a 1.5% stake in Payward Inc., the parent company of crypto exchange Kraken, in a deal valued at $200 million. The transaction is expected to close in the second quarter pending regulatory approval,…
