Kraken Secures $200 Million Strategic Investment from Citadel Securities, Valuing the Company at $20 Billion

BlockBeats News, November 19th, the cryptocurrency exchange platform Kraken has received a $200 million strategic investment from the renowned market maker Citadel Securities. This transaction values the exchange, headquartered in Wyoming, at $20 billion.

Citadel Securities, as a traditional financial market maker with nearly 25 years of history, this investment is seen as a significant signal of traditional financial giants continuing to expand into the digital asset space. The company, founded and led by Ken Griffin, is one of the world's largest market makers.

Kraken's Co-CEO, Arjun Sethi, has previously emphasized the exchange's commitment to building a regulatory-compliant operational system. This financing will be primarily used to accelerate its global expansion plans and further enhance integration with the traditional financial system.