A Cracking crypto exchange received an investment of 200 million dollars (66 billion HUF) from Kenneth Griffin’s company Citadel Securities, which in the latest capital round, the amount increased to a total of $800 million. The company said this is the second tranche in this round, following the announcement of $500 million in financing and another $100 million in equity in September. The name of the investment company is so emphasized because behind it lies Citadel LLC, one of the largest and most successful hedge funds in the world, managing more than $68 billion in assets and one of the most profitable investment funds in the world. According to Kraken, this huge amount will accelerate the strategy to transfer traditional financial products to the blockchain.
Citadel Securities’ $200 million investment equated to a company valuation of $20 billion, which is $5 billion more than the $15 billion valuation announced at the September capital raise. Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital were other prominent players in the funding round. Based on the revenue data, Kraken’s valuation increase is not excessive; already in the first three quarters of 2025, sales exceeded the 2024 sales figure of $1.5 billion.
Kraken has officially filed to go public
With the help of additional financing, the company is not only considering new products, but also acquisitions. They recently bought the officially licensed derivatives marketplace Small Exchange, and earlier this year they bought the futures trading platform NinjaTrader, also regulated in the United States, for $1.5 billion. Meanwhile, based on a confidential filing, Kraken has officially begun the process of going public. Following the approval of documents filed with the US Securities and Exchange Commission (SEC), Kraken joins other major crypto companies, who have already entered the stock market or are preparing to do so (e.g. eToro, Circle Internet, Gemini). Filing does not obligate the company to go public, but it does place Kraken under the same scrutiny as companies preparing for an IPO. Key financial details, including pricing, number of shares and timing, will not be determined until the SEC review is complete and market conditions are favorable, the company said.
In the crypto sector, the SEC filing from Payward, the company behind Kraken, is an important step as it signals the willingness of major crypto exchanges to submit to the transparency of the traditional stock market. THE Binance The country even abandoned its IPO plans earlier after problems with US regulations Coin base The 2021 IPO remains the only significant example among global stock exchanges. This is basically what you can officially know about Kraken’s plans, but all kinds of rumors and predictions are also spreading on social media. For example, someone might even call it insider trading that the company sold off Monero before announcing its plans. In connection with the IPO plan, the chairman of the Basel Committee on Banking Supervision (BCBS) told the Financial Times that the 1,250% weighting, according to which a bank, if it holds crypto assets, must cover them almost entirely with its own capital, may need to be reconsidered. This is also important because if the rule is relaxed, it will be easier for banks to own crypto, which could increase institutional adoption.
#company #valuable #day #Kraken #public