Kraken Hits $20B Valuation Following Citadel’s $200M Investment
Kraken, a dominant force in the global cryptocurrency exchange landscape, has secured a $200 million investment from Citadel Securities, propelling its valuation to $20 billion. This positions Kraken among the largest entities in the rapidly expanding digital assets sector. The funding follows a $600 million raise in September at a $15 billion valuation, backed by prominent investors including Jane Street, DRW, and Tribe Capital.
The combined $800 million capital infusion strengthens Kraken's balance sheet ahead of its anticipated public listing next year. The MOVE not only enhances institutional credibility but also expands the exchange's global footprint. Citadel Securities' investment underscores its strategic push into crypto, spanning trading and venture capital initiatives.
