On November 19th, it was reported that Kraken secured 200 million USD from Citadel Securities, elevating its valuation to 20 billion USD. This investment follows a significant 600 million USD funding round in September.
Kraken intends to utilize these funds for global growth and the development of payment solutions, with expectations to prepare for an IPO next year. Ken Griffin’s involvement marks a shift in sentiment towards digital assets.
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