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Kraken secures $200m from citadel securities, hitting a $20b valuation Cryptocurrency exchange kraken is in advanced discussions to raise fresh capital at a $20 billion valuation, following the completion a $500 million funding round at a $15 billion valuation, according to bloomberg news. The raise comes weeks after a $600m september round backed by major wall street and silicon valley funds
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Citadel’s investment marks a major shift as the market maker becomes more active in crypto trading and investing Kraken's $20 billion valuation is a bold bet on its ability to bridge crypto and traditional finance, supported by strong revenue growth and strategic acquisitions. Kraken confirmed its earlier $600m raise, lifting total recent funding to $800m further, kraken publicly confirmed the $600m raise for the first time, after bloomberg reported in september that the exchange was eyeing a $20b valuation from a strategic backer.
Kraken has raised $200m from citadel, boosting its valuation to $20b, following a $600m round
The move signifies growing interest in digital assets. Further, kraken publicly confirmed the $600m raise for the first time, after bloomberg reported in september that the exchange was eyeing a $20b valuation from a strategic backer. Kraken raised $200m at a $20b valuation, after raising $600m at a $15b valuation in sept. Prior to the two rounds, kraken raised only $27m in venture capital more
