Bitcoin
$64,696.42+0.65%
Ethereum
$3,171.63+0.84%
Binance Coin
$614.24+0.87%
Solana
$146.41-1.81%
XRP
$0.52877127-0.41%
Dogecoin
$0.15264871-0.22%
Toncoin
$5.48-2.79%
Cardano
$0.47563354-0.49%
Shiba Inu
$0.00002602-0.04%
Avalanche
$35.93-2.52%
Tron
$0.11717986+3.03%
Wrapped Bitcoin
$64,751.62+0.50%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
33
DAYS
13
HR
43
MIN
58
SEC
Finance

RIT Capital Partners Acquires Stake in US Crypto Exchange Kraken

Terms have not been disclosed although the investment was disclosed to investors during a webinar in March.

By Jamie Crawley
AccessTimeIconApr 21, 2021 at 2:35 p.m. UTC
Updated May 9, 2023 at 3:18 a.m. UTC
Kraken co-founder and CEO Jesse Powell
Kraken co-founder and CEO Jesse Powell
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

RIT Capital Partners, formerly known as the Rothschild Investment Trust, has acquired an interest in the Kraken cryptocurrency exchange, according to a note to investors dated April 12.

  • The note referred to a webinar in March that announced the investment but did not mention the size of the investment nor the amount paid.
  • It also made reference to news that Kraken is considering going public through a direct listing in 2022.
  • Neither Kraken nor RIT were immediately available for comment.
  • RIT Capital is a U.K.-based investment trust founded by Lord Jacob Rothschild of the prominent Rothschild banking family. It has a market capitalization of £3.8 billion ($5.28 billion).
VolumeMuteUnmute

Bitcoin Was 'Much More International,' Kara Swisher Says

  • Morgan Stanley May Allow Brokers to Pitch Bitcoin ETFs; 'Buy Bitcoin' Sign Auctioned for Over $1M
    01:55
    Morgan Stanley May Allow Brokers to Pitch Bitcoin ETFs; 'Buy Bitcoin' Sign Auctioned for Over $1M
  • Is Bitcoin a Safe-Haven Asset?
    00:57
    Is Bitcoin a Safe-Haven Asset?
  • Crypto Progress Is Not the Same as the Beginning of the Internet: Kara Swisher
    21:07
    Crypto Progress Is Not the Same as the Beginning of the Internet: Kara Swisher
  • How Saga's Chainlets Automate Layer 1s
    01:20
    How Saga's Chainlets Automate Layer 1s

    • Read the full document:

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.