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Kraken secures $200m from citadel securities, hitting a $20b valuation Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial. The raise comes weeks after a $600m september round backed by major wall street and silicon valley funds
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Citadel’s investment marks a major shift as the market maker becomes more active in crypto trading and investing Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available 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
Just an hour ago, in response to mario nawfal, nick percoco, the cso of kraken exchange, tweeted that the kraken team now knows the name of the user who hacked ftx. Kraken’s funding and yeet’s volume milestone reflect a vibrant crypto ecosystem but carry risks of regulatory pushback, market volatility, and execution challenges Their success could redefine finance and gaming, but sustained growth depends on navigating these hurdles effectively.
