Kraken closed an $800 million funding round on Tuesday with a $200 million investment from Citadel Securities, valuing the crypto exchange at $20 billion. This marks one of crypto’s largest capital raises and underscores tightening links between digital asset platforms and traditional finance leaders.
This substantial funding fuels Kraken’s expansion and product growth across trading, payments, and tokenized assets, showcasing Wall Street’s increased trust in regulated crypto infrastructure.
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Institutional Investors Propel Historic Funding Round
Kraken’s latest funding round drew strong interest from leading institutional investors. Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital led the raise, as detailed in the company’s announcement. Additionally, Kraken Co-CEO Arjun Sethi’s family office joined in the investment.
Following the primary tranche, Citadel Securities added a $200 million strategic investment, setting Kraken’s valuation at $20 billion. Their participation offers expertise in liquidity provision, risk management, and market structure, strengthening Kraken’s market leadership and validating its regulated approach.
This sharply contrasts with Kraken’s previous capital strategy. Since its 2011 founding, the company has raised only $27 million. This highlights Kraken’s historically efficient, self-sustained growth.
Both Jane Street and DRW have established themselves in cryptocurrency markets. CoinShares research reveals Jane Street supplied $1.7 billion in Bitcoin ETF liquidity in Q4 2024, while DRW provided $365 million. Their involvement validates Kraken’s push for regulated, institutional-grade infrastructure.
Financial Strength Drives Valuation Surge
Kraken reported $1.5 billion in revenue in 2024, according to its financial disclosure. Exceeding this figure in just the first three quarters of 2025 further highlights the exchange’s accelerating growth. In 2024, Kraken handled $665 billion in trading volume and managed $42.8 billion in client assets.
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The platform offers a vertically integrated suite—spanning spot, derivatives, equities, tokenized assets, staking, payments, custody, and wallets. This breadth enables rapid innovation in new asset classes while prioritizing security and regulatory compliance.
Recent moves have pushed Kraken beyond traditional crypto trading. The NinjaTrader acquisition added US futures trading. Equities and tokenized equity trading now bridge traditional and digital markets on the platform. Meanwhile, the KRAK app extends Kraken’s reach across payments, savings, and investment solutions globally.
Kraken supports 2.5 million funded accounts as of 2024, ranking it among the world’s largest regulated crypto exchanges. The platform operates globally and holds regulatory licenses in key markets.
Citadel Securities Partnership Highlights Market Evolution
Citadel Securities’ involvement offers more than funding. The firm brings advanced trading infrastructure and proven expertise to Kraken’s ecosystem. Citadel has openly supported the transformative role of digital assets, noting that such technology enables real-time, open global transactions.
This partnership tracks with broader institutional adoption trends in crypto. More traditional finance firms are embracing digital assets. Citadel Securities submitted feedback to the SEC’s Crypto Task Force in July 2025, addressing crypto regulation and demonstrating ongoing policy engagement.
Kraken plans to use its new capital on several fronts. Expansion aims at Latin America, Asia Pacific, and EMEA. The company will enhance regulatory integration across its current markets and pursue new licenses. Product development will bring advanced trading tools, broader staking, and more institutional services.
This funding coincides with renewed institutional demand in crypto. Bitcoin ETFs attracted billions of dollars from large institutional investors in 2024 and 2025. With Citadel Securities now backing Kraken, the exchange exemplifies the evolving link between digital and traditional finance sectors.
As exchanges and Wall Street firms integrate, the future market structure for digital assets is in question. Whether this blend accelerates mainstream adoption or changes crypto’s decentralized foundations remains an open discussion as the space evolves.