Crypto Exchange Kraken Raises $800 Million at a $20 Billion Valuation

Kraken, a leading cryptocurrency exchange, has successfully raised $800 million in funding, which includes a $200 million investment from Citadel Securities. This financing values the company at $20 billion. The funding aimed at supporting Kraken's expansion into international markets, including Latin America, Asia Pacific, and Europe, while also diversifying its product offerings to include more asset classes and advanced trading tools. Previously, Kraken had raised a modest $27 million prior to this round, highlighting the significance of this new capital influx. The investment reflects both confidence in Kraken's vision of establishing a reliable infrastructure for financial systems and the growing momentum within the crypto industry. Kraken is reportedly planning an IPO, with speculation about a public offering possibly occurring in early 2026, aiming to capitalize on its increased valuation and revenue growth, having generated $1.5 billion in revenue in 2024 and surpassing that in the first three quarters of 2025.

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