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.
Recall that earlier this year, Kraken became the first crypto exchange in the country to get access to a Fed Master account. Although it’s limited-purpose, the approval marked a significant shift in the way digital asset firms interact with the traditional finance system.
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