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Kraken secures $200m from citadel securities, hitting a $20b valuation The funding would consist of a $200 million to $300 million commitment from a. The raise comes weeks after a $600m september round backed by major wall street and silicon valley funds.

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Crypto exchange kraken has raised $200m from citadel securities at a $20b valuation, deepening the wall street firm’s push into digital assets and bolstering the exchange ahead of a planned. Kraken is in advanced talks to raise new funding that could value the crypto exchange at about $20 billion Kraken has raised $200m from citadel, boosting its valuation to $20b, following a $600m round

The move signifies growing interest in digital assets.

The firm said it would continue scaling its global operations, deepening its regulated footprint, and expanding its product suite, both organically and through targeted acquisitions. 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 Kraken, one of the largest cryptocurrency exchanges in the united states by trading volume, is in advanced discussions to raise between $200 million and $300 million from a strategic investor, potentially valuing the firm at $20 billion ahead of an anticipated initial public offering (ipo) in 2026.