X @BSCN

Funding and Valuation - Kraken secured $200M from Citadel Securities, valuing the exchange at $20B [1] - Kraken completed a $600M raise at a $15B valuation weeks prior [1] - Total new capital raised amounts to $800M, positioning Kraken for a public listing [1][3] Strategic Initiatives - Citadel Securities plans to collaborate with Kraken on liquidity provision, risk management, and market structure analysis [2] - Kraken aims to expand its derivatives offerings, add institutional tools, grow staking products, and introduce new payment services [4] - Kraken is expanding into Latin America, Asia-Pacific, and EMEA [3] - Kraken is targeting a public listing in 2026 and is reportedly working with Morgan Stanley and Goldman Sachs [3] Business Growth - Kraken generated $1.5B in revenue last year and surpassed that figure by Q3 2025 [2] - Kraken built a vertically integrated stack covering custody, clearing, settlement, and wallets [3] - Kraken acquired NinjaTrader to enter U S futures, rolled out tokenized equities, and launched KRAK, a global app for payments and trading [4]