Kraken parent company Payward has secured a $200 million investment from Deutsche Borse Group, as the crypto exchange operator continues to prepare for a potential U.S. public listing. A Kraken spokesperson confirmed the investment to The Block following Bloomberg's earlier reporting. They said that the deal builds on a partnership formed months ago between the U.S.-based crypto exchange and the German exchange operator. The deal gives Deutsche Borse a 1.5% fully diluted stake in the company and implies a valuation of around $13.3 billion, according to Bloomberg, down from $20 billion in November. It is expected to ... (full story)