Kraken in Talks to Raise Funding at ~$20B Valuation

 Kraken in Talks to Raise Funding at ~$20B Valuation

Also on September 26, reports surfaced that crypto exchange Kraken is in advanced negotiations to secure new funding, which could value the company at about $20 billion.

Kraken has been expanding its services and trying to scale operations, and this capital round would likely be aimed at accelerating growth, improving infrastructure, and possibly entering new markets. The funding could also be used to fortify regulatory and compliance efforts—a growing priority in crypto.

If the valuation holds, it would place Kraken among the highest-valued private crypto companies. Such a round would also send signals to investors: that exchange platforms can command large valuations even amid market headwinds.