Octopus Energy, the UK-based energy provider, is moving forward with spinning out its cryptocurrency exchange subsidiary Kraken at an impressive $8.65 billion valuation. This strategic move marks a significant milestone in the crypto exchange landscape, signaling strong investor confidence in the platform's market position and growth trajectory.
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OnChainDetective
· 10h ago
Wait, 865 million USD? I need to check the on-chain fund flow behind this number... The energy company suddenly throwing out a subsidiary exchange, this move feels a bit familiar? It has the flavor of large investors manipulating behind the scenes.
Octopus Energy, the UK-based energy provider, is moving forward with spinning out its cryptocurrency exchange subsidiary Kraken at an impressive $8.65 billion valuation. This strategic move marks a significant milestone in the crypto exchange landscape, signaling strong investor confidence in the platform's market position and growth trajectory.