Kraken Raises $800 Million: Citadel Investment Boosts Valuation to $20 Billion

Crypto exchange Kraken has secured a significant funding boost, raising $800 million in recent rounds. The largest investment came from Citadel Securities, worth $200 million, leading to a valuation of around $20 billion for the platform. This investment demonstrates confidence in the exchange’s robust infrastructure and compliance standards even during volatile market periods. Kraken plans to capitalize on this funding to expand into new international markets, enhance product offerings like derivatives and tokenization, and further solidify its position as a reliable and trusted cryptocurrency exchange.