Crypto exchange Kraken valued at $20 billion in latest funding round

(Reuters) -Crypto exchange Kraken said ​on Tuesday it was ‌valued at $20 billion during an ‌$800 million funding round, as digital market firms continue to draw investor focus.

The ⁠digital asset ‌sector has benefited from U.S. ‍President Donald Trump’s pro-crypto stance and his administration’s ​push for friendly regulations.

The ‌primary financing tranche was led by institutional investors such as Jane Street, HSG, Oppenheimer Alternative Investment Management,⁠ and Tribe ​Capital, co-​founded by Kraken’s co-CEO Arjun Sethi.

Citadel ‍Securities contributed ⁠$200 million in strategic investment as the second tranche.

⁠(Reporting by Ateev Bhandari ‌in Bengaluru; Editing ‌by Vijay Kishore)