Nasdaq Reportedly Invests $100 Million in Kraken Parent Company

WHY IT MATTERS

Think of Nasdaq as the company that runs one of the biggest traditional stock markets in the world — it is where shares of companies like Apple and Google are traded. Kraken is one of the older and larger cryptocurrency exchanges, which is a platform where people buy and sell digital currencies like Bitcoin. When a major traditional finance company like Nasdaq puts $100 million into a crypto exchange, it suggests that established financial players see the crypto industry as significant enough to invest in directly. For newcomers to crypto, this kind of crossover between traditional finance and the crypto world can be a sign that the two systems are becoming more interconnected, though it does not guarantee any particular outcome for the industry or for users of either platform.