Nov 19, 2025
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Kraken Secures $20 Billion Valuation After $200 Million Citadel Investment
Kraken Secures $200 Million Investment
- US-based cryptocurrency exchange Kraken received a $200 million investment from Citadel Securities, valuing the exchange at $20 billion.
- The investment supports Kraken's expansion and market innovation efforts.
Financial and Strategic Developments
- Kraken's recent funding rounds total $800 million, enhancing its financial strength ahead of an anticipated IPO.
- Despite strong financials, Kraken is not rushing its IPO plans, focusing on sustainable growth.
- The exchange reported Q3 revenue growth to $648 million, compared to Coinbase's $1.9 billion.
- Recent strategic acquisitions include the $1.5 billion purchase of futures trading platform NinjaTrader.
Future Expansion Plans
- Kraken aims to expand into new markets in Latin America, Asia Pacific, and EMEA.
- The exchange plans to diversify offerings beyond crypto, including advanced trading tools and expanded payment services.
