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Deutsche Börse Group Invests $200 Million in Kraken Parent Payward

The transaction gives Deutsche Börse Group a 1.5% stake in Payward and implies a $13.3 billion valuation for Kraken’s parent company.

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Terms & Concepts
  • Stake: An ownership share in a company, typically acquired through an equity investment.
  • Valuation: An estimate of a company’s total worth, often inferred from the price paid in a funding or secondary deal.
  • Payward: The parent company of Kraken, the cryptocurrency exchange operator.