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Crypto exchange kraken has raised $200m from citadel securities at a $20b valuation, deepening the wall street firm’s push into digital assets and bolstering the exchange ahead of a planned. This funding could value kraken at $20 billion as it prepares for a potential public listing, according to a bloomberg report. Kraken, one of the largest cryptocurrency exchanges in the united states by trading volume, is in advanced discussions to raise between $200 million and $300 million from a strategic investor, potentially valuing the firm at $20 billion ahead of an anticipated initial public offering (ipo) in 2026.
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Kraken raised $200m at a $20b valuation, after raising $600m at a $15b valuation in sept. Crypto exchange kraken is in advanced discussions with a strategic investor to raise new funding at an upwardly revised valuation of about $20b, according to a media report published friday. Prior to the two rounds, kraken raised only $27m in venture capital more
