Main notes
- Kraken received $ 100 million in a $ 15 billion financing round.
- Co-Coo Arjun Sethi is bully on the distinctive assets and Defi integration.
- The stock exchange recently donated $ 2 million to the pro -sulfur political groups.
Cryptocurrency Exchang Kraken has successfully closed a $ 100 million financing round, according to the Fortune report, which was published on September 25.
The increase, which is estimated at 15 billion dollars, is a major milestone as Kraken rushes to eventually pushing it towards a public list.
The new financing, next years of relying on a relatively few outer capital, will help more on “merchants and professional institutions”.
Evaluation of $ 15 billion and increasing aspirations
The financing round was organized without a single major investor, as Kraken himself set the conditions and participants ranging from investment capital companies to investment managers. Co-CEO Arjun Sethi and his tribe company also contributed.
The stock exchange recorded $ 80 million in post -EBITDA profits and $ 411 million of revenue in the second quarter alone, according to wealth. However, it witnessed a great executive rotation, as many leaders left last year.
The sudden exit of CEOs was seen as a necessary restructuring before the public subscription high risk, which was now pushed until 2026.
Building bridges between Trafi and Crypto
Kraken’s strategy has increasingly focused on integrating traditional financing with Blockchain technology. Earlier this year, Ninjatrader acquired $ 1.5 billion, adding two million new users.
It also launched XSTOCKS, symbolic shares of companies such as Apple and Tesla, which can be traded on Blockchains and outside the KAKEN platform.
Sethi argues that the distinctive assets represent the following development of financial markets, especially in areas where traditional brokerage fees remain prohibited.
Political call with the approaching public subscription
With the approaching public subscription, Kraken announced a $ 1 million donation to the Freedom Pac Fund and pledged another million dollars to the American Group Degister, a supportive group of Trump.
In a statement on September 23, Sethi warned that organizational uncertainty, enforcement -dependent suppression, and the restrictions imposed on privacy tools constitute existential threats to the principles of encryption.
“The struggle for encryption in the United States has not yet ended,” Sethi wrote, arguing for self -friction, systems without permission, and financial privacy.
Kraken decided to delay the public offering until 2026, while other encryption companies such as Circle, Gemini and Bullish have already been published.
“Our model is based on merchants and professional institutions,” Sethi said. “They use our exchange not because it is evacuated, but because it works and liquidity is deep.”
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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