Kraken Raises $800 Million to Advance Strategic Roadmap at $20B Valuation
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- Kraken secures $800 million funding led by Jane Street and Citadel Securities.
- Exchange generated $1.5 billion in revenue in 2024 and surpassed that figure by Q3.
- Funding will support global expansion into Latin America, Asia Pacific, and EMEA regions.
Kraken has announced an $800 million capital raise across two tranches to accelerate its strategy of bringing traditional financial products on-chain. The primary tranche was led by institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, along with a commitment from Kraken Co-CEO Arjun Sethi’s family office.
An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation. This is a 33% valuation increase in under two months from the initial tranche.
Profitable Operatio…
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Kraken Raises $800 Million to Advance Strategic Roadmap at $20B Valuation
Share:
- Kraken secures $800 million funding led by Jane Street and Citadel Securities.
- Exchange generated $1.5 billion in revenue in 2024 and surpassed that figure by Q3.
- Funding will support global expansion into Latin America, Asia Pacific, and EMEA regions.
Kraken has announced an $800 million capital raise across two tranches to accelerate its strategy of bringing traditional financial products on-chain. The primary tranche was led by institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, along with a commitment from Kraken Co-CEO Arjun Sethi’s family office.
An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation. This is a 33% valuation increase in under two months from the initial tranche.
Profitable Operatio…
Read The Full Article Kraken Raises $800 Million to Advance Strategic Roadmap at $20B Valuation On Coin Edition.
In This News
Share:
In This News
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Read More
Kraken CEO: $800M Raise Driven by ‘Conviction’ After FTX 2.0 Rejection