Deutsche Börse takes $200M stake in Kraken pre-IPO

Deutsche Börse, the German stock exchange operator, announced on 14 April 2026 that it had acquired a stake in Kraken. Kraken is a US-based cryptocurrency exchange — a platform where users buy and sell digital assets. The deal is valued at $200 million.

Transaction gives 1.5% stake in PaywardThe $200 million investment gives Deutsche Börse a 1.5% fully diluted stake in Payward Inc., the parent company of Kraken. A fully diluted stake accounts for all existing and potential future shares in the company. Multiple sources, including Investing.com and Bitcoin Magazine, confirmed the ownership percentage.

Deal executed through secondary market purchaseDeutsche Börse did not buy newly issued shares. Instead, it acquired existing shares from a current Kraken stakeholder. This type of transaction is called a secondary market purchase. Reuters confirmed the structure. The deal has not yet closed. Regulatory approval is pending, with closing expected in the second quarter of 2026.

Partnership between the two firms began December 2025The investment follows an existing relationship between the two companies. Kraken and Deutsche Börse first announced a strategic partnership on 3 December 2025. Both companies confirmed the original announcement through official press releases on their corporate websites. The April 2026 transaction adds a financial dimension to that earlier agreement. The $200 million investment gives Deutsche Börse a 1.5% fully diluted stake in Payward Inc., the parent company of Kraken. A fully diluted stake accounts for all existing and potential future shares in the company. Multiple sources, including Investing.com and Bitcoin Magazine, confirmed the ownership percentage.

Deal executed through secondary market purchaseDeutsche Börse did not buy newly issued shares. Instead, it acquired existing shares from a current Kraken stakeholder. This type of transaction is called a secondary market purchase. Reuters confirmed the structure. The deal has not yet closed. Regulatory approval is pending, with closing expected in the second quarter of 2026.

Partnership between the two firms began December 2025The investment follows an existing relationship between the two companies. Kraken and Deutsche Börse first announced a strategic partnership on 3 December 2025. Both companies confirmed the original announcement through official press releases on their corporate websites. The April 2026 transaction adds a financial dimension to that earlier agreement. Deutsche Börse did not buy newly issued shares. Instead, it acquired existing shares from a current Kraken stakeholder. This type of transaction is called a secondary market purchase. Reuters confirmed the structure. The deal has not yet closed. Regulatory approval is pending, with closing expected in the second quarter of 2026.

Partnership between the two firms began December 2025The investment follows an existing relationship between the two companies. Kraken and Deutsche Börse first announced a strategic partnership on 3 December 2025. Both companies confirmed the original announcement through official press releases on their corporate websites. The April 2026 transaction adds a financial dimension to that earlier agreement. The investment follows an existing relationship between the two companies. Kraken and Deutsche Börse first announced a strategic partnership on 3 December 2025. Both companies confirmed the original announcement through official press releases on their corporate websites. The April 2026 transaction adds a financial dimension to that earlier agreement. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.