Crypto exchange crack $20 billion worth $800 million

Decrypt Logo



in short

Crypto exchange Crane raised $800 million, including $200 million from Citadel Securities. The latest funding is over $20 billion. Crack is issuing an IPO, although the company has yet to officially announce when they will be publicly announced.

American cryptocurrency (Cryptocter) Mitzvah on Tuesday from the area of ​​800 million dollars thanks to the block.

He said that he has financed the Kraken in the two transabs. The main investment is Jane's Strategic Capital, HRG Vimentor's alternative investment and Nerve Capital, an additional institution in addition to Knhocer Co-Cerjune's family office.

From Ken Griffin's Citedellue Witnedices, a full $20 billion in revenue was also expected. In July The information A $500 million in cash With prices of $ 15 billion dollars, but the last point proved to be wider.



bybit

“This investment demonstrates the long-term concept of transmission, to build a more regulated infrastructure for the financial system,” said Setti.

Krake had never raised $27 million in capital before. The exchange will generate $1.5 billion in revenue in 2024, up from the amount in the first three quarters of 2025.

The new capital conveys the expansion of new assets, Islamic product offerings, advanced product standards, advanced business tools, expanded payment services, and improved established institutional capabilities.

Crane is reducing the IPO with long term, from Bloomberg Reporting in March, the company was looking at early 2026 to go public.

Daily claim news newspaper

Start every day with all the news stories, plus original features, podcasts, videos and more.

Pin It on Pinterest