Cryptocurrency exchange Kraken has announced a massive $800 million funding raise, valuing the company at a staggering $20 billion. The capital infusion is earmarked to accelerate the company’s core mission: bringing traditional financial markets onto blockchain infrastructure and driving global expansion.
The funding was split into two tranches. The main investment round was led by a powerful group of institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital.
A significant follow-on investment of $200 million came from market-making powerhouse Citadel Securities, cementing a strategic partnership. Citadel Securities President Jim Esposito commented that the firm is excited to support Kraken’s role in shaping “the next chapter of digital innovation in markets,” with plans to collaborate on liquidity provision and risk management.
Founded in 2011, Kraken operates a vertically integrated, regulated platform offering spot, derivatives, tokenized assets, staking, and payments. Kraken Co-CEO Arjun Sethi stated that the involvement of firms like Citadel Securities and Jane Street validates Kraken’s “infrastructure-first approach” and long-term strategy.
Notably, this raise marks a turning point for the crypto firm, which had previously secured just $27 million in primary capital. Despite minimal prior outside funding, Kraken reported $1.5 billion in revenue for 2024 and surpassed that total by the third quarter of 2025.
The new funds will support the company’s aggressive expansion plans into new markets across Latin America, Asia Pacific, and EMEA. Furthermore, Kraken intends to enhance its offerings by adding more advanced trading tools, institutional products, and staking solutions to meet the rising demand for regulated access to digital and tokenized assets. The company recently expanded its multi-asset trading by acquiring NinjaTrader to launch U.S. futures trading and rolling out its global payments and investing app, KRAK.
