Kraken’s valuation just hit $20 billion after the exchange secured $800 million in new capital. The standout detail here is Citadel Securities, which backed the round with a $200 million investment, a serious vote of confidence coming from a heavyweight in traditional finance.
The funding came in two rounds. Big names like Jane Street, DRW Venture Capital, and a bunch of institutional investors led the first tranche. Kraken’s co-CEO, Arjun Sethi, even put over $100 million of his own family office money into the deal. That shows he’s personally betting big on where the company’s headed.
What’s impressive is Kraken barely raised any money before this. They pulled in just $27 million in primary capital previously but still managed to stay profitable. They did $1.5 billion in revenue last year and already beat that in the first three quarters of 2025.
The money’s going toward expansion. Kraken wants to grow in Latin America and Asia, add more derivative products, and build out tokenized assets. They recently bought NinjaTrader and Small Exchange for $100 million to strengthen their futures trading. The company’s basically trying to bridge regular finance with crypto through regulated infrastructure across the globe.
Conclusion
Kraken’s massive fundraise and soaring valuation signal strong institutional confidence in regulated crypto platforms, positioning the exchange for aggressive global expansion and deeper integration with traditional financial markets.
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