Another capital injection from a tradfi giant signals deeper institutional involvement in the crypto industry.
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.
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