- Deutsche Börse buys 1.5% stake in Kraken for $200M via secondary market.
- The latest deal aims to strengthen the existing partnership between the two entities.
- Kraken aims to integrate with Deutsche Börse’s foreign exchange trading venue 360T.
Deutsche Börse, a German exchange operator, has announced the acquisition of a $200 million stake in Kraken, a leading US-based cryptocurrency exchange. According to reports, Deutsche Börse purchased existing Kraken shares in the secondary market, resulting in the firm now owning a fully diluted 1.5% stake in Kraken.
Strengthening an Existing Relationship
The business relationship between Kraken and Deutsche Börse began in December 2025, when they announced a partnership in cryptocurrency activities. The latest development would cement the existing relationship, enabling both parties to move toward achieving the goal of bridging traditional and digital markets.
Last December’s announcement highlighted Kraken’s goal of integrating with the foreign exchange trading venue 360T, which would give Kraken clients access to bank-grade FX liquidity, thereby improving fiat on-and-off-ramp efficiency. It is also worth noting that the partnership aims to leverage Kraken Embed to expand institutional crypto access across Deutsche Börse Group’s network.
Advancing White-Label Packages and More
Details of the partnership between the two parties further reveal their aim to develop advanced white-label packages that would enable banks, fintech firms, and other financial institutions to offer crypto trading and custody services across Europe and the US.
Deutsche Börse and Kraken plan to pursue the required regulatory approvals that will allow them to work to make Eurex-listed derivatives available for trading on Kraken. They also want to enable the distribution of securities held in custody at Clearstream in a tokenized form to Kraken’s client base.
Kraken’s No Ransom Policy
Amid Kraken’s supposedly landmark achievement, a suspected criminal group is blackmailing the cryptocurrency exchange, threatening to release videos of the firm’s internal systems showing client data unless Kraken pays a ransom. However, Kraken’s Chief Security Officer Nick Percoco has told clients that the platform was never breached and funds were never at risk.
Percoco affirmed the crypto exchange’s resolve never to succumb to such blackmail nor pay ransom to criminals. He further stated that his company will abide by its standing policy of not negotiating with bad actors.
Related: Kraken Faces Extortion Threat Tied to Insider Security Incidents
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