Kraken Scores $800M Raise Backed by $200M Citadel Investment
Kraken raised $800 million, including $200 million from Citadel, valuing the crypto exchange at $20 billion to expand its global reach.Summary
Cryptocurrency exchange Kraken has secured $800 million in funding, with a significant $200 million investment from Citadel Securities, bringing the company's valuation to $20 billion. This funding round, led by institutional investors like Jane Street and DRW Venture Capital, will accelerate Kraken’s plans to integrate traditional financial markets with blockchain infrastructure across Latin America, Asia Pacific, and EMEA. Founded in 2011, Kraken offers a range of services including spot and derivatives markets, tokenized assets, and staking. The company reported $1.5 billion in revenue in 2024 and exceeded that figure in the first three quarters of 2025. Citadel Securities plans to collaborate with Kraken on liquidity provision and risk management, signaling confidence in Kraken’s strategy and infrastructure.
(Source：CoinDesk)