Kraken Announces Plans for US IPO, Secure Funding Amidst Market Expansion

Crypto exchange Kraken is taking steps toward a public listing, with the filing of a confidential registration statement with the SEC on November 19th. This move comes after securing a strategic investment of $200 million from Citadel Securities, increasing the company’s valuation to $20 billion. Kraken, which operates one of the largest digital asset trading platforms globally, raised additional $800 million in funding during recent months.