Nasdaq invests $100M in Kraken parent Payward at $21 billion valuation

Crypto Insight Summary: Nasdaq has announced an investment of $100 million into Payward. The deal reportedly values the firm at $21 billion. Nasdaq is now the third major exchange operator this year to take a crypto-exchange stake. How much did Nasdaq invest in Payward? Nasdaq will invest a total of $100 million from Nasdaq Ventures, its strategic investment... Crypto Insight Analysis: Direction: Bullish KRAKEN Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Nasdaq's investment boosts Kraken's credibility and institutional adoption potential.