Crypto exchange Kraken has secured $800 million in funding across two tranches to accelerate its push into conventional financial markets, bringing institutional investors Jane Street, DRW Venture Capital and others into a primary round, with market maker Citadel Securities committing $200 million in a strategic investment at a $20 billion valuation.
The financing comes as Kraken broadens its offerings beyond cryptocurrency trading into derivatives, equities and tokenized assets. The exchange recently integrated US futures trading through its acquisition of NinjaTrader and launched equity trading capabilities, including tokenized stocks available to users outside the United…
