Big Names Bet on Crypto: Kraken's Big Move

In a significant shift, major financial players are diving into the crypto world. Apollo Global Management, Oppenheimer, Jane Street, and HSG have all invested in Kraken, a top crypto exchange. This investment values Kraken at a whopping $15 billion. It's a clear sign that big institutions are getting serious about digital assets.

Kraken's Expansion Plans

Kraken isn't just sitting on this cash. They're planning to go public soon, possibly by the first quarter of next year. This move comes after they bought two trading platforms, NinjaTrader and Small Exchange, showing they're expanding fast.

Crypto Market Boom

The crypto market is booming. Bitcoin, the biggest cryptocurrency, has gone up by over 20% this year alone. Other crypto companies like Circle, Gemini, and Bullish have also gone public this year, riding the wave of crypto excitement.

Potential Challenges

But it's not all smooth sailing. The U.S. government shutdown could cause some delays. Still, the trend is clear: crypto is becoming mainstream, and big money is taking notice.