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Kraken raised $200m at a $20b valuation, after raising $600m at a $15b valuation in sept. The funding would consist of a $200 million to $300 million commitment from a. Prior to the two rounds, kraken raised only $27m in venture capital more

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This new cash comes only weeks after kraken closed a separate $600m financing in september at a $15b valuation Kraken is in advanced talks to raise new funding that could value the crypto exchange at about $20 billion If successful, this move would solidify kraken’s position as one of the most valuable cryptocurrency exchanges in the u.s., following its earlier $15b valuation after a $500m raise

Kraken raises the exchange’s value to $15 billion

Analysts who spoke to cryptonews said major capital raises and the increase in crypto firms looking to go public may prove to be a pivotal moment in merging the industry with traditional finance, or tradfi. Crypto exchange kraken is in advanced discussions with a strategic investor to raise new funding at an upwardly revised valuation of about $20b, according to a media report published friday.