What is the Kraken and Deutsche Börse partnership about?

They partnered to bridge traditional finance and digital markets, enhancing trading, custody, and tokenized asset services.

How will the Kraken and Deutsche Börse deal work?

The integration is phased, starting with Kraken connecting to Deutsche Börse's 360T FX platform to improve liquidity.

What are Kraken's future plans after this deal?

Kraken is also pursuing an Initial Public Offering (IPO) with the US SEC and recently acquired Backed Finance's tokenization platform.

Home / Business and Economy / Kraken & Deutsche Börse Unite Markets

Kraken & Deutsche Börse Unite Markets

6 Dec

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Summary

Kraken and Deutsche Börse partnered to bridge traditional and digital finance.
Phase one integrates Kraken with Deutsche Börse's 360T FX trading platform.
Partnership aims to expand institutional crypto access across Europe and US.

Kraken and Deutsche Börse have announced a significant strategic partnership aimed at merging traditional financial markets with the digital asset space. This collaboration seeks to create a more integrated financial ecosystem by focusing on areas such as trading, custody, settlement, and tokenized assets.

The initial phase of the integration will connect Kraken with 360T, a subsidiary of Deutsche Börse Group and a major foreign-exchange trading venue. This move is designed to provide Kraken users with access to competitive foreign exchange liquidity. Subsequently, the partnership will leverage Kraken's technology to broaden institutional access to cryptocurrencies across Deutsche Börse Group's network.

Further plans include enabling trading of Eurex-listed derivatives on Kraken and facilitating cryptocurrency trading for Deutsche Börse Group clients through Crypto Finance. This initiative is set to offer secure and compliant crypto trading and custody services to financial institutions across Europe and the United States, aligning with Kraken's recent IPO filing with the US SEC.