Kraken Secures $800 Million Funding Round at $20 Billion Valuation

Crypto exchange Kraken has just secured a major funding round of $800 million, boosting investor confidence and paving the way for ambitious expansion plans. The company raised the funds in two tranches, attracting significant support from established institutional investors like Tribe Capital and others such as Jane Street and Oppenheimer. Notably, Arjun Sethi has stepped into the role of co-CEO alongside other key figures. This funding will propel Kraken’s global footprint forward through strategic acquisitions, new platform development, and potentially an IPO down the line.