Kraken Raises $800MM at ~$20Bn Valuation and Files Confidential S-1

Kraken today announced in an $800M round at roughly a $20B valuation and quietly filed a confidential S-1 with the SEC — a signal that one of the longest-running U.S. crypto exchanges is stepping toward the public markets. The raise, led in part by Citadel Securities alongside other major institutional backers, brings Kraken back to its 2021 valuation range and reflects the company’s maturing regulatory posture after years of internal readiness work.

Read more on Reuters.