Cryptocurrency exchange Kraken has secured a massive $800 million funding round, significantly boosting its valuation to $20 billion and marking a significant step in its global expansion strategy. The investment, led by institutional players like Citadel Securities and Tribe Capital, will fuel growth in key areas like derivatives and tokenized assets. 5. This latest round follows Kraken’s previous modest fundraising efforts, highlighting the immense confidence from top investors. The company plans to leverage these funds to increase its capacity for offering a wider range of services to users worldwide. As part of this expansion plan, Kraken will focus on integrating its platform with derivatives and multi-asset trading, potentially influencing broader market trends. This funding influx is viewed as a testament to the growing institutional interest in cryptocurrency markets and confidence in Kraken’s vision for building trusted and regulated financial infrastructure.