Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets onto blockchain infrastructure, the company said on Tuesday.
The round was split over two tranches, with the lead led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. A follow-on investment of $200 million came from market-making giant Citadel Securities, which valued Kraken at $20 billion.
Founded in 2011, Kraken operates a regulated trading platform offering spot and derivatives markets, tokenized assets, staking and payment services. Its infrastructure is vertically integrated – covering custody, clearing, matching, settlement and wallet services – enabling the company to roll out new financial products quickly while maintaining compliance standards.
“Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere,” said Arjun Sethi, Kraken’s co-CEO. He added that the involvement of companies such as Citadel Securities and Jane Street reflects confidence in Kraken’s strategy and its infrastructure-first approach.
The raise marks a turning point for the firm, which has so far only received $27 million in seed capital. Despite minimal external funding, Kraken generated $1.5 billion in revenue by 2024 and had already surpassed that total by Q3 2025.
Over the past year, Kraken has pushed deeper into multi-asset trading. It acquired NinjaTrader to launch US futures trading, started offering tokenized shares and rolled out KRAK – a global app for payments, savings and investing.
Citadel Securities president Jim Esposito called Kraken a key player in “the next chapter of digital innovation in markets.” The firm 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 the new funding, Kraken said it will expand into Latin America, Asia Pacific and EMEA. It also plans to add more trading tools, institutional products, staking solutions and payment services with the aim of meeting the growing demand for regulated access to digital and tokenized assets.
