Kraken Partners With Deutsche Börse as Europe Looks to Rival Wall Street in Crypto

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Kraken Partners With Deutsche Börse as Europe Looks to Rival Wall Street in Crypto Deutsche Börse Group (DBG) and Kraken announced a strategic partnership signalling acceleration of crypto adoption across Europe and a clear intention to compete with Wall Street. By Olivier Acuna | Edited by Stephen Alpher , Aoyon Ashraf Dec 4, 2025, 8:38 p.m. What to know : Deutsche Börse Group and Kraken have announced a strategic partnership to enhance institutional cryptocurrency adoption in Europe. The collaboration aims to create a comprehensive bridge between traditional and digital markets, leveraging DBG's regulated infrastructure and Kraken's expertise in cryptocurrency. This partnership is expected to accelerate the development of digital capital markets and support institutional clients in the digital asset era. Deutsche Börse Group (DBG) and Kraken announced on Thursday that they are combining forces , signaling a clear acceleration of institutional cryptocurrency adoption in the Eurozone. “This partnership is the clearest signal yet that institutional adoption is accelerating, and that Europe intends to compete on equal footing with Wall Street as this transformation moves from millions to billions,” Gurpreet Oberoi, Kraken Head of Institutional, told Coindesk. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . “Institutions across Europe aren’t just experimenting with digital assets anymore, they’re building real strategies, and they need infrastructure that matches the scale of their ambitions,” Oberoi added, noting that the partnership is "powerful validation of that shift." By combining Kraken’s proven crypto-native expertise and U.S. market access with the trust and systemic importance of DBG’s regulated derivatives clearing, Eurex, and custody arm, Clearstream, which has more than $23 trillion in assets under custody, are building a comprehensive, full-stack bridge designed to capture institutional flow, the companies said in the press release. U.S. vs Europe Following the Trump Administration’s GENIUS Act, which provided the first comprehensive federal framework for stablecoins, Wall Street has moved at an unprecedented pace. Corporate giants like BlackRock , Bank of America , JPMorgan and Fidelity have been quick to provide their institutional clients with exposure to crypto. Several of them have issued BTC exchange-traded funds (ETFs), which have recently become a top revenue source for some. While Europe isn't far behind, DBG — generally seen as the single largest and most essential financial market infrastructure conglomerate in the Eurozone — is among financial institutions in the region that are working to match their U.S. counterparts. In September, the group signed a memorandum of understanding with Circle Internet Group to bring regulated stablecoins into Europe’s financial market infrastructure. More recently, on Nov. 18, Deutsche Börse Group and Societe Generale-FORGE signed an agreement to bring regulated euro and dollar stablecoins into the systems that support some of Europe’s largest financial markets. The new partnership between DBG and Kraken serves as a structural declaration that Europe's financial core is committed to directly challenging U.S. dominance in the emerging digital capital markets, according to the press release. The race for institutional crypto adoption is underway, but it’s not a recent phenomenon and is not exclusive to Wall Street and Europe either. The institutional acceptance of crypto around the world is accelerating significantly, developing hand in hand with better-defined regulation, BlockFills CEO Nick Hammer said in an interview with CoinDesk . Kraken Deutsche Börse crypto adoption Europe More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Ex-Signature Bank Execs Launch Blockchain-Powered Narrow Bank Backed by Paradigm, Winklevoss By Krisztian Sandor | Edited by Nikhilesh De 2 hours ago N3XT Bank, operating under a Wyoming charter, aims to provide programmable U.S. dollar payments around the clock without lending deposits. What to know : Former executives of Signature Bank have launched N3XT, a blockchain-powered, full-reserve bank under a Wyoming SPDI charter. The bank offers programmable U.S. dollar payments and operates without lending deposits, backing each dollar with cash or short-term U.S. Treasuries. The bank is led by CEO Jeffrey Wallis, former digital assets head of Signature Bank, that was shuttered in March 2023. 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