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