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Investing.com -- Cryptocurrency exchange Kraken announced Tuesday it has raised $800 million in funding to accelerate bringing traditional financial products on-chain.
The primary funding tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, with a significant commitment from Arjun Sethi’s family office. The company also secured an agreement for a subsequent $200 million strategic investment from Citadel Securities at a $20 billion valuation.
Founded in 2011, Kraken operates a regulated infrastructure stack spanning spot trading, derivatives, equities, tokenized assets, staking, and payments. The company generated $1.5 billion in revenue in 2024 and has already 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," said Arjun Sethi, Co-CEO of Kraken. "Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere."
In recent months, Kraken has expanded its multi-asset ecosystem by integrating U.S. futures trading through its acquisition of NinjaTrader, launching equities and tokenized equity trading, and introducing KRAK, a global app for payments, savings, and investing.
"We’re excited to support Kraken’s continued growth as it helps shape the next chapter of digital innovation in markets," said Citadel Securities President Jim Esposito. The collaboration will include liquidity provision, risk management expertise, and market structure insights.
Prior to this funding round, Kraken had raised only $27 million in primary capital. The company plans to use the new funds to scale global operations, deepen its regulated footprint, and expand its product suite through organic growth and targeted acquisitions. Kraken will enter new markets across Latin America, Asia Pacific, and EMEA, while broadening its offerings beyond cryptocurrency.