Deutsche Börse acquires 1.5% stake in Kraken crypto exchange

• Deutsche Börse invests $200M for a 1.5% stake in Kraken.
• The deal strengthens an already existing partnership that was first announced in late 2025.
• Focus is on building a unified financial infrastructure.

Deutsche Börse has taken a 1.5% stake worth $200 million in Kraken, marking another clear step in the steady convergence between traditional finance and the crypto industry.

A small stake with a larger purpose

The deal gives Deutsche Börse a 1.5% fully diluted stake in Kraken’s parent company, acquired through a secondary share purchase.

That means no new shares were issued, and Kraken itself does not directly receive fresh capital from this transaction.

Based on the size of the investment, the deal implies a valuation in the range of roughly $13–15 billion for Kraken.

That places the exchange firmly among the most valuable private players in the digital asset space.

However, the size of the stake is not the main story here. A 1.5% ho...