Kraken Raises $800M in Funding Round Led by Institutional Investors and Citadel Securities
Kraken has raised $800 million in new funding, including a $200 million investment from Citadel Securities, which values the company at $20 billion as of November 18, 2025. The funding round was led by a main tranche of institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, along with a follow-on investment from Citadel Securities. The capital raised aims to accelerate Kraken's expansion of blockchain-based financial services and foster deeper integration of traditional markets with cryptocurrency infrastructure.
Kraken plans to pursue global expansion into Latin America, Asia Pacific, and EMEA regions, while continuing to develop enhanced trading tools, institutional products, staking, and payments services. Founded in 2011, Kraken operates a regulated trading platform that offers spot and derivatives trading, tokenized assets, staking, and payment solutions. Its vertically integrated infrastructure includes custody, clearing, matching, settlement, and wallet services, enabling faster product launches with compliance.
Before this round, Kraken had raised only $27 million in primary capital and generated approximately $1.5 billion in revenue in 2024, surpassing that figure by the third quarter of 2025. Citadel Securities President Jim Esposito characterized Kraken as a key player in the next chapter of digital market innovation and stated that the firm will collaborate with Kraken on liquidity provision and risk management.
Kraken has pursued strategic growth initiatives such as acquiring NinjaTrader to enable U.S. futures trading, offering tokenized equities, and launching the KRAK app which supports payments, savings, and investing.
