Kraken Raises $800 Million, Valuation Soars to $20 Billion; Citadel Securities Invests Strategically

Cryptocurrency exchange Kraken has secured a significant $800 million funding round, boosting its valuation to $20 billion. This capital influx was spearheaded by a strategic investment from market-making giant Citadel Securities. The move positions the company for a potential IPO in 2026 and signals a shift in how traditional finance institutions view digital asset infrastructure.