– Kraken, a cryptocurrency exchange, secured $800 million in funding across two tranches to accelerate its expansion into traditional financial markets.
– The round attracted institutional investors including Jane Street and DRW Venture Capital, with Citadel Securities committing $200 million at a $20 billion valuation.
– The financing signals Kraken’s strategy to broaden beyond crypto trading into derivatives and tokenized assets.
– Kraken is expanding into derivatives and equities, and tokenized assets; it recently added US futures trading through the NinjaTrader acquisition and launched equity trading capabilities, including tokenized stocks available outside the United States via a partnership with the xStocks platform.
– It also launched KRAK, a global app for payments, savings and investing.
– Citadel Securities will provide liquidity, risk management expertise and market structure insights as part of the strategic relationship.
Kraken Secures $800 Million Funding Backed by Citadel Securities, Jane Street, DRW
Institutional backers including Jane Street and DRW participate as Kraken expands into derivatives, tokenized assets, and traditional markets.
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