BTCC / BTCC Square / Coindesk /
Rails Secures $14M War Chest—Kraken-Backed Crypto Exchange Enters the Arena

Rails Secures $14M War Chest—Kraken-Backed Crypto Exchange Enters the Arena

Author:
Coindesk
Published:
2025-06-04 13:00:00
17
1

Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange

Another day, another crypto exchange—but this one's got heavyweight backing. Rails just pocketed $14 million from investors including Kraken, proving even the old guard's still betting on the casino.

Why it matters: Fresh capital means fresh firepower. With Kraken's stamp of approval, Rails is positioning itself as a serious player in the exchange arms race. Expect slick onboarding, aggressive liquidity mining, and the usual promises of 'democratizing finance.'

The kicker: Let's see if they can actually differentiate in a market where 99% of tokens exist solely to enrich insiders. At least the VCs get their usual exit liquidity.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users