Kraken In Talks To Buy 15% Aave Stake At $385M Valuation
Kraken is reportedly in talks to buy a 15% stake in DeFi lender Aave at a $385 million valuation, a move that would deepen the exchange’s exposure to one of crypto’s largest onchain lending markets. The reported deal, announced by Coindesk, has not been confirmed as completed by either company. If it moves forward, it would build on an existing relationship between Kraken and Aave, after Aave introduced DeFi Earn as the lending backbone for Kraken users depositing cash and stablecoins into yield vaults.