Deutsche Börse Acquires $200 Million Stake in Kraken Exchange

The company bought close to 1.5% on a fully diluted basis through a secondary transaction. It collected shares from existing investors and did not inject fresh capital into Kraken's parent, Payward Inc., and limited the deal.

Deutsche Börse chose a cautious route. It stayed away from trading and focused on infrastructure that supports trading, custody, and institutional activity across digital asset markets, where demand grows steadily over time.