Kraken has received a strategic investment of $200 million from Citadel Securities, which has led to a valuation of the company at $20 billion. This investment marks a significant financial boost for Kraken, a major player in the cryptocurrency exchange market. Citadel Securities, known for its role in financial services, has chosen to support Kraken as it continues to expand its operations and offerings. The partnership is expected to enhance Kraken’s market position and facilitate further growth in the evolving digital asset landscape.
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