Kraken raised $800 million with a investment from Citadel.

Kraken raised a total of 800 million dollars to expand its blockchain-based financial services. A portion of this investment, 200 million dollars, was backed by Citadel Securities.

Following this investment, Kraken’s market value has been set at 20 billion dollars, indicating a strengthened connection between crypto firms and traditional financial giants.

With the newly acquired funds, Kraken plans to expand on a global scale. Additionally, these funds aim to develop innovative products such as trading, payments, and tokenized assets.