Buying Aave at 70% Off? The Misread Rumor Reveals Kraken's IPO Ambitions

News Editor

2026-06-26 12:00:07

Kraken, rushing toward its IPO, is reaching into DeFi. A rumor has surfaced that Kraken is buying Aave at a 70% discount. This article clarifies the misinterpretation, suggesting Kraken may be acquiring discounted institutional positions via OTC or secondary markets to build a low-cost DeFi portfolio, signaling its ambition to expand business scope before going public.

Kraken's IPO Ambitions and DeFi Expansion

Kraken, eager to go public, is extending its reach into DeFi. A recent rumor claims that Kraken is purchasing Aave (AAVE) tokens at a 70% discount. While some interpreted this as Kraken directly buying project tokens at a steep discount, it is more likely that Kraken is acquiring institutional holdings via OTC or secondary market transactions to build a substantial DeFi position at a low cost.

This move aligns with Kraken's IPO timeline. By holding major DeFi tokens, Kraken can strengthen its balance sheet and demonstrate its commitment to the crypto ecosystem to regulators. Aave, as the leading lending protocol, is a natural target.

Kraken has not officially commented yet, but the market reacted positively, with AAVE price showing notable volatility. If the acquisition rumor is confirmed, Kraken's pre-IPO DeFi positioning will significantly enhance its influence in the DeFi sector.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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