On November 19, cryptocurrency exchange Kraken received a $200 million strategic investment from renowned market maker Citadel Securities. This deal values the Wyoming-based exchange at $20 billion.
This investment by Citadel Securities, a traditional financial market maker with nearly 25 years of history, is seen as a significant signal of the continued expansion of traditional financial giants into the digital asset sector. Founded and led by Ken Griffin, the company is one of the world's largest market makers.
Kraken co-CEO Arjun Sethi has repeatedly emphasized the exchange's commitment to building a compliant operating system that meets regulatory requirements. This funding will primarily be used to accelerate its global expansion plans and further strengthen its integration with the traditional financial system.
