Kraken Raises $800 Million; Citadel Securities Commits $200 Million at $20B Valuation
PositiveCryptocurrency
- Kraken has raised $800 million in funding, leading to a valuation of $20 billion, with Citadel Securities contributing $200 million to this effort.
- This substantial investment positions Kraken to enhance its market presence and pursue aggressive growth strategies in the cryptocurrency sector.
- The development reflects a broader trend of increasing investments in cryptocurrency exchanges, as firms seek to capitalize on the growing demand for digital assets and innovative financial solutions.
— via World Pulse Now AI Editorial System
