Well, folks, grab your hats because Kraken just hit a new high-and no, it ain’t a record for the longest tentacle! This little crypto giant is diving deeper into the big ocean of on-chain financial services. And if you’re wondering how deep, the answer is $20 billion deep, with $800 million freshly raised in two tranches. That’s right, $800 million. Sounds like a pretty nice day at the office, eh?
1+ backing for all major assets. They even integrated distributed validator technology for Ethereum (ETH) staking. Oh, and they acquired NinjaTrader and Small Exchange in a $100 million deal. Now, that’s a lot of moves for one quarter!
To make sure high-frequency and institutional traders can get in on the action fast, Kraken introduced a new colocation service with Beeks Exchange Cloud. Because why just be fast when you can be faster than the competition?
Kraken’s not stopping there, though. They’re eyeing expansion into Latin America, the Asia-Pacific region, and EMEA. More asset types, upgraded staking offerings, new trading features-Kraken’s basically saying, “Hold my beer, we’re just getting started.”
In the end, Kraken’s big play is all about bridging the gap between traditional finance and the brave new world of open finance. And with their growing global infrastructure, they might just be the ones to do it.
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2025-11-19 07:10