Cryptocurrency exchange Kraken announced it raised $800 million in a funding round that values the company at $20 billion, according to a company statement.
The funding consists of two parts: a primary tranche led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, plus a commitment from Arjun Sethi’s family office. A separate $200 million strategic investment from Citadel Securities was executed at the $20 billion valuation.
San Francisco-based Kraken, founded in 2011, operates trading platforms for cryptocurrencies, derivatives, equities, and tokenized assets. The company reported generating $1.5 billion in revenue in 2024 and exceeded that figure in 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.
The company has expanded its services in recent months through the acquisition of NinjaTrader for U.S. futures trading and the launch of equities trading and KRAK, a payments and investing application.
“We’re excited to support Kraken’s continued growth as it helps shape the next chapter of digital innovation in markets,” said Jim Esposito, President of Citadel Securities.
Kraken plans to use the funding to expand operations in Latin America, Asia Pacific, and Europe, while developing additional trading tools and payment services. The company had raised only $27 million in primary capital before this funding round.
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