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Kraken Reaches $20 Billion Valuation After $800 Million Funding Round
Cryptocurrency exchange Kraken secured $800 million in funding across two tranches, valuing the company at $20 billion. The primary investment was led by institutional investors including Jane Street and DRW Venture Capital, while Citadel Securities committed $200 million in a strategic tranche. The funding positions Kraken for a planned early 2026 initial public offering.