Kraken Secures $200M from Citadel, Boosting Crypto Exchange

Kraken, a leading cryptocurrency exchange, secures a $200 million investment from Citadel Securities, valuing the company at $20 billion. This comes after a $600 million round in September, bringing Krakens total funding to $800 million. Citadels investment signals a growing interest from major financial institutions in digital assets. Kraken plans to use the funds for international expansion and new payment products, strengthening its position ahead of a planned public offering next year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.