Kraken Secures $500 Million Funding Round at $15 Billion ValuationKraken, one of the world's largest cryptocurrency exchanges, has closed a massive $500 million funding round that values the company at $15 billion. The exchange’s share of stable-to-fiat trading jumped from 43% to 68%, making it easier for new users to enter the crypto market. The $15 billion valuation makes Kraken the second most valuable private cryptocurrency exchange, behind only Coinbase. Its acquisitions and new products show a strategy to become a complete financial platform rather than just a crypto exchange. The Bottom LineKraken’s $500 million funding round shows strong investor confidence in the crypto exchange sector.