Kraken, the renowned cryptocurrency exchange, has recently completed a significant funding round, raising $800 million and achieving a valuation of $20 billion. This funding event marks a major milestone in Kraken’s journey as it seeks to integrate traditional financial markets with blockchain infrastructure on a global scale. The raise included a notable strategic investment of $200 million from Citadel Securities, a major player in market making, signaling stronger ties between the crypto world and traditional finance institutions.
The $800 million was raised in two tranches, with the primary tranche being led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital. Kraken’s co-CEO Arjun Sethi, also contributed through his family office, reflecting internal confidence in the company’s growth prospects. The second tranche was the $200 million strategic investment by Citadel Securities that further solidifies Kraken’s position in the market.
This fresh capital injection is earmarked to accelerate Kraken’s strategy of offering traditional financial products on blockchain. Over recent months, Kraken has expanded its multi-asset ecosystem significantly. It integrated U.S. futures trading via its acquisition of NinjaTrader and launched new features including equities and tokenized equity trading, alongside its global payment app, KRAK, which supports both cryptocurrency and fiat currency transactions without fees. These innovations are all supported by Kraken’s vertically integrated infrastructure, which covers everything from exchange matching and custody to settlement and wallet services, allowing rapid deployment of new asset classes with stringent security and regulatory compliance.
Financially, Kraken has demonstrated robust performance, generating $1.5 billion in revenue in 2024 and surpassing that figure within the first three quarters of 2025 despite historically limited outside funding of only $27 million prior to this round. With this new funding, Kraken is well-positioned to pursue global expansion, introduce new trading and payment products, and strengthen its infrastructure-first approach to build a comprehensive platform where users can trade any asset at any time globally.
