Crypto exchange Kraken has raised $800 million in new funding, including $200 from an investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets to blockchain infrastructure, the company announced Tuesday.
The round was divided into two tranches, with the main one led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. A subsequent $200 million investment came from market-making giant Citadel Securities, valuing Kraken at $20 billion.
Kraken, founded in 2011, operates a regulated trading platform offering spot and derivatives markets, tokenized assets, staking and payment services. Its infrastructure is vertically integrated – spanning custody, clearing, matching, settlement and wallet services – enabling the company to rapidly deploy new financial products while maintaining compliance standards.
“Our goal has always been simple: to create a platform where anyone can trade any asset, anytime, anywhere,” said Arjun Sethi, Co-CEO of Kraken. He added that the involvement of companies like Citadel Securities and Jane Street reflects confidence in Kraken’s strategy and its infrastructure-focused approach.
The raise marks a turning point for the company, which has only raised $27 million in primary capital so far. Despite minimal outside funding, Kraken generated $1.5 billion in revenue in 2024 and had already surpassed that total in the third quarter of 2025.
Over the past year, Kraken has delved deeper into multi-asset trading. It acquired NinjaTrader to launch futures trading in the United States, began offering tokenized stocks, and rolled out KRAK, a global app for payments, savings, and investing.
Citadel Securities Chairman Jim Esposito called Kraken a key player in “the next chapter of digital innovation in the markets.” The company plans to work with Kraken on liquidity provision and risk management – areas where Citadel Securities has helped shape traditional markets over the past two decades.
With this new funding, Kraken announced its expansion into Latin America, Asia Pacific and EMEA. It also plans to add more trading tools, institutional products, staking solutions and payment services, aiming to meet the growing demand for regulated access to digital and tokenized assets.
