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Home/Markets & Investing/SEC CRYPTO ENFORCEMENT · CRYPTO MONEY LAUNDERING ENFORCEMENT

Deutsche Börse Investment Marks 33% Drop in Kraken's Valuation

RC

Remy Crane

SEC crypto enforcement · Apr 14, 2026

Deutsche Börse Investment Marks 33% Drop in Kraken's Valuation

Source: DojiDoji Data Terminal

Kraken's valuation has fallen to approximately $13.3 billion, a 33% decrease from the $20 billion valuation it carried during an $800 million fundraising round in November 2025. The decline comes as the exchange operator Deutsche Börse invests $200 million for a 1.5% fully diluted stake in Payward Inc., Kraken's parent company.

Related Brief6h 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.

The investment is a secondary share purchase of existing shares rather than newly issued stock. This capital alignment follows a December 2025 partnership between the two firms to bridge traditional and on-chain finance through integrated trading, custody, settlement, and tokenization.

Related Brief1d ago
cryptocurrency

XRP Whale Transfer to Coinbase Signals Potential Sell-Off

A major holder of XRP may be preparing to sell $119 million in tokens. The movement of 89,828,700 XRP to a Coinbase-linked address suggests a potential sell-off or position rebalancing. This occurs because assets moved to a centralized exchange are more liquid and readily tradable than those held in personal wallets. The transfer began from wallet address rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN and passed through an intermediate wallet, rwnYLUsoBQX3ECa1A5bSKLdbPoHKLnqf63J, before reaching the final Coinbase-associated address, rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P. The movement of 89,828,700 XRP worth $119 million to Coinbase may signal that a major holder is preparing to sell.

The collaboration aims to create a unified infrastructure for institutional clients. This includes providing Kraken users access to bank-grade foreign exchange liquidity through Deutsche Börse’s 360T platform and expanding Kraken Embed to allow banks and fintech firms to offer crypto services. The partnership also enables potential support for Eurex-listed derivatives trading via Kraken.

Related Brief20h ago
securities law

DeFi User Interfaces Can Now Trade Crypto Securities Without Broker Registration

DeFi user interfaces, including wallet apps and browser extensions, can now facilitate trades in crypto asset securities without registering as broker-dealers. This relief is available to 'Covered User Interfaces'—software that converts user inputs into executable code for self-custodial wallets without handling custody, routing orders, or offering investment advice. The SEC's Division of Trading and Markets staff statement targets these specific tools. To qualify, providers must charge fixed neutral fees agnostic to products or venues and avoid soliciting specific trades or endorsements such as 'best price'. They must also provide clear disclosures of conflicts and cybersecurity measures and objectively vet connected trading systems for liquidity and security. This non-binding interim measure is effective for five years unless withdrawn.

The transaction is expected to close in the second quarter of 2026.

Related Brief17h ago
fiscal policy

The $100 Tips Tax Cut Promotiony

Independent delivery drivers are implementing measures to cope with rising gas prices. This is the result of surging oil prices that have driven fuel costs higher, offsetting the effects of the tax cuts on tips, overtime pay, car loan interest, and state and local tax bills. These cuts were part of last year's Republican-backed tax-cut legislation, which also included cuts to taxes on Social Security retirement payments. President Donald Trump, promoting these cuts, had McDonald's food delivered to the Oval Office on Monday. He handed the DoorDash driver, Sharon Simmons, what appeared to be a $100 bill after she was asked if White House staff were good tippers.

SEC crypto enforcementcrypto money laundering enforcementSEC enforcement actionRipple XRP SECSEC ESG enforcementSEC retail investor ruleinsider trading SEC chargecrypto IRS rulingpayment for order flow SECKrakencrypto exchange hackcrypto regulation bill

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