Crypto exchange Kraken valued at $20 billion in latest funding round
(Reuters) -Crypto exchange Kraken said on Tuesday it was valued at $20 billion in its latest fundraise, a 33% increase in under two months, as digital market firms continue to attract investor interest.
The $800 million dual-tranche funding round follows a crypto-friendly regulatory tone under U.S. President Trump, encouraging digital asset firms to expand in the U.S. with promises of clearer rules.
Peers such as Gemini and Coinbase, as well as crypto firm Ripple, have benefited from eased oversight under Trump, who, along with family, has been an active player in the still nascent slice of finance.
Kraken’s primary tranche of the funding round was led by institutional investors such as Jane Street, HSG,…
