The US-based cryptocurrency exchange Kraken recently secured a substantial $200 million investment from Citadel Securities, a global market maker. This investment values the exchange at an impressive $20 billion.
Kraken’s Growth Backed By Citadel Securities
Citadel Securities has expressed enthusiasm about supporting Kraken’s growth, emphasizing the firm’s role in shaping the future landscape of digital innovation within markets.
Jim Esposito, president of Citadel Securities, highlighted their commitment to collaborating with Kraken on risk management and market structure analysis, among other strategic initiatives.
This capital infusion comes on the heels of a previous financing round back in September of this year, during which the digital asset platform successfully raised $600 million at a $15 billion valuation.
Investors in this earlier round included Wall Street entities such
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