Kraken Raises $200 Million for Expansion, Valuation Soars to $20 Billion

Cryptocurrency exchange Kraken has secured a hefty $200 million investment from Citadel, signaling a significant expansion in the platform’s capabilities. This strategic financial move resulted in a valuation of Kraken at $20 billion, highlighting its rising prominence within the dynamic cryptocurrency market. The funding will be directed towards improving existing services and developing new functionalities to meet the surging demands of crypto users globally.