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Home/Markets & Investing/CRYPTO IRS RULING · CRYPTO MONEY LAUNDERING ENFORCEMENT

Deutsche Börse Investment Cuts Kraken Valuation to $13.3 Billion

RL

Reese Langdon

crypto IRS ruling · Apr 14, 2026

Deutsche Börse Investment Cuts Kraken Valuation to $13.3 Billion

Source: DojiDoji Data Terminal

Kraken's valuation has fallen to $13.3 billion, down from $20 billion during a fundraising round in November.

Related Brief4h ago
venture capital

Kraken’s $13.3 Billion Valuation Reveals a 33% Markdown in Exchange Pricing

Kraken is now valued at $13.3 billion, a 33% markdown from the $20 billion valuation the exchange commanded during its November 2024 funding round. This figure was established by Deutsche Börse Group's $200 million investment in Payward Inc., Kraken's parent company. The transaction, which is expected to close in the second quarter of 2026 subject to regulatory approval, gives the Frankfurt-based stock exchange operator a 1.5% fully diluted ownership stake via a secondary market transaction. The investment cements a commercial partnership first announced in December 2025 to build a hybrid market infrastructure for traditional and tokenized assets. Kraken had originally planned a public listing for 2026, but the company has suspended those plans indefinitely, citing unfavorable market conditions.

Deutsche Börse AG has invested $200 million in Payward Inc., the parent company of the crypto exchange Kraken. The deal, which is subject to regulatory approval and expected to close in the second quarter, gives the German exchange operator a 1.5% fully diluted stake.

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The Clarity Act Targets Cryptocurrency Classification Ambiguities

Digital asset innovation and compliance now depend on the resolution of cryptocurrency classifications and their regulatory treatment. The U.S. Senate is reconvening to consider the Clarity Act to address these ambiguities. The legislative proposal seeks to establish a structured regulatory framework for digital assets.

The investment expands a partnership established in December between the two firms. Kraken will integrate into Deutsche Börse’s FX trading platform, 360T, to combine traditional and tokenized assets into a single ecosystem. The collaboration covers trading, custody, settlement, and collateral management.

Related Brief6h ago
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Kraken's Support Staff Recruitment Breach Exposes 2,000 Accounts

Approximately 2,000 Kraken user accounts were viewed after cybercriminals recruited customer support personnel to record internal client management platforms. The breach occurred across two distinct events, in February 2025 and a second more recent occurrence. The perpetrators captured video recordings of staff accessing internal systems, which were used to demand an undisclosed sum from the exchange to prevent public disclosure. Kraken Chief Security Officer Nick Percoco stated that no systems were breached and funds remained secure. Kraken refused to negotiate with the extortionists. The exchange is working with federal law enforcement across multiple jurisdictions to identify the individuals involved.

Kraken had filed confidentially for an initial public offering last fall, but the company has since reportedly paused those plans amid a downturn in the crypto market.

Related Brief1d ago
stablecoins

Hong Kong’s First Stablecoin Licenses Go Only to HSBC and a Single Fintech

Hong Kong’s first stablecoin licenses have been awarded exclusively to HSBC and Anchorpoint Financial, locking out non-bank crypto firms despite market expectations of broader access. The Hong Kong Monetary Authority granted the approvals under its new Stablecoins Ordinance, effective April 10, allowing the two firms to begin issuing stablecoins after finalizing operational setups. The regulator described its approach as 'small steps, quick progress,' aiming to test real-world applications and risk controls before expanding the program. Financial Secretary Paul Chan Mo-po emphasized that stablecoins should function solely as payment instruments, not investment products—a distinction that legally restricts their use in trading, lending, or yield-generating platforms. The classification sidelines them from capital markets and shapes how consumers and businesses can interact with the technology. A public register of licensed issuers is now live, meant to deter scams and verify legitimacy. Yet the decision to limit initial access to a global bank and a single fintech has drawn criticism. Analysts, including strategist Kenny Ng Lai-yin, called the outcome disappointing, noting that the move favors entrenched financial players over innovative entrants. The Hong Kong Monetary Authority’s cautious rollout may strengthen oversight, but it also delays the development of a diverse, competitive stablecoin ecosystem.

crypto IRS rulingcrypto money laundering enforcementKrakenstablecoin regulationstablecoin US legislationTether USDTRobinhood

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