Kraken has raised $800 million in new capital — including a $200 million commitment from Citadel Securities — boosting its valuation to $20 billion and accelerating its push to bridge traditional markets with blockchain-native infrastructure, the company said Tuesday.
The financing was completed in two phases. The main tranche drew participation from major institutional firms such as Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. Citadel Securities followed with its own $200 million investment, deepening its strategic relationship with the crypto exchange.
Established in 2011, Kraken runs a fully regulated platform that spans spot and derivatives trading, tokenized assets, staking, payments, custody, settlement and wallet services. Its vertically integrated model lets the company build and deploy new financial products rapidly while maintaining strict compliance and operational standards.
“Our vision has always been to offer a platform where any asset can be traded anywhere, at any time,” said Kraken co-CEO Arjun Sethi. He added that backing from firms like Citadel Securities and Jane Street demonstrates confidence in Kraken’s infrastructure-focused strategy.
The raise marks a major milestone for Kraken, which until now had taken in just $27 million in primary external funding. Despite limited outside capital, the company generated $1.5 billion in revenue in 2024 and surpassed that figure again by the third quarter of 2025.
Over the past year, Kraken has expanded significantly into multi-asset services — acquiring NinjaTrader to enter the U.S. futures market, launching tokenized equities, and rolling out its global KRAK app for payments, investing and savings.
Citadel Securities President Jim Esposito called Kraken a central player in shaping “the next wave of digital-market innovation.” The firm plans to partner with Kraken on liquidity and risk-management initiatives, leveraging its expertise from two decades in traditional financial markets.
Kraken said the new funding will be used to grow its footprint across Latin America, Asia-Pacific and EMEA, while continuing to build out advanced trading tools, institutional offerings, staking products and payment services. The exchange aims to meet rapidly growing demand for regulated access to digital and tokenized assets worldwide.
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