Energy giant Octopus is offloading its stake in crypto trading platform Kraken through a strategic sale. The valuation has been pegged at $8.65 billion, marking a significant milestone for the platform. This move signals continued investor confidence in the crypto exchange space despite market volatility. The transaction reflects growing mainstream interest in digital asset infrastructure, with traditional energy and tech sectors increasingly intersecting with blockchain ecosystems. Kraken's valuation climb demonstrates how institutional players are reshaping the landscape of cryptocurrency trading platforms.
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GovernancePretender
· 10h ago
An $865 million valuation is indeed outrageous. Are traditional energy giants starting to offload their assets?
Energy giant Octopus is offloading its stake in crypto trading platform Kraken through a strategic sale. The valuation has been pegged at $8.65 billion, marking a significant milestone for the platform. This move signals continued investor confidence in the crypto exchange space despite market volatility. The transaction reflects growing mainstream interest in digital asset infrastructure, with traditional energy and tech sectors increasingly intersecting with blockchain ecosystems. Kraken's valuation climb demonstrates how institutional players are reshaping the landscape of cryptocurrency trading platforms.