- Kraken secures $800 million funding led by Jane Street and Citadel Securities.
- Exchange generated $1.5 billion in revenue in 2024 and surpassed that figure by Q3.
- Funding will support global expansion into Latin America, Asia Pacific, and EMEA regions.
Kraken has announced an $800 million capital raise across two tranches to accelerate its strategy of bringing traditional financial products on-chain. The primary tranche was led by institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, along with a commitment from Kraken Co-CEO Arjun Sethi’s family office.
An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation. This is a 33% valuation increase in under two months from the initial tranche.
Profitable Operations Enable Expansion
Founded in 2011, Kraken operates a globally scaled and regulated infrastructure spanning spot trading, derivatives, equities, tokenized assets, staking, and payments. Kraken has shown sustained profitability and generated $1.5 billion in revenue in 2024 and surpassed that figure within the first three quarters of 2025.
“This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system,” Sethi stated. “Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere.”
Kraken has increased the size of its multi-asset ecosystem in recent months. The exchange debuted stocks and tokenized equity trading, integrated U.S. futures trading with the acquisition of NinjaTrader, and unveiled KRAK, a global app for investing, savings, and payments.
Strategic Partnership Delivers Market Structure Expertise
Citadel Securities’ collaboration with Kraken will include differentiated liquidity provision, risk management expertise, and market structure insights. “Citadel Securities has helped define modern market structure for nearly 25 years, increasing efficiency, transparency, and access for institutional and retail investors alike,” Sethi continued.
With this additional capital, Kraken will continue scaling global operations, deepening its regulated footprint, and expanding its product suite through organic growth and targeted acquisitions. The exchange plans to enter new markets across Latin America, the Asia Pacific, and the EMEA regions.
Kraken will expand offerings beyond crypto to include additional asset classes, advanced trading tools, and staking solutions, expanded payment services, and enhanced institutional capabilities. These initiatives will provide clients secure, efficient access to digital and tokenized assets while strengthening Kraken’s position at the intersection of traditional and open finance.
The funding positions Kraken for a highly anticipated initial public offering planned for 2026. The exchange has achieved capital-efficient growth, reaching $648 million in Q3 2025 revenue alone, representing 50% quarter-over-quarter growth. Adjusted EBITDA reached $178.6 million in Q3 2025, up 124% quarter-over-quarter.
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Source: https://coinedition.com/kraken-raises-800-million-to-advance-strategic-roadmap-at-20b-valuation/
