Kraken Secures $200 Million from Citadel, Aims for Global Expansion

Financial giant Citadel has made a significant investment in Kraken, boosting the cryptocurrency exchange’s valuation to $20 billion. This deal signifies a growing integration of digital assets into traditional finance markets. The funds will be used to expand internationally, develop new products and services, and prepare for an initial public offering (IPO). 200 million USD from Citadel provides substantial support for Kraken’s ambitious growth strategy. This influx marks a pivotal moment in the company’s development.