Based on CryptoNinjas, Kraken has filed paperwork with the SEC to go public, following a $800 million funding round that valued the company at $20 billion. Citadel Securities led the round with a $200 million investment. The exchange plans to use the funds to expand into new markets and develop payment features. Kraken joins a growing list of public crypto exchanges, including Coinbase, Gemini, and Bullish, though recent IPO performances have been mixed. The company will proceed with the IPO only after receiving SEC approval and if market conditions are favorable.
Kraken Files for IPO, Valued at $20 Billion After $800M Funding
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