Kraken Secures $800 Million Capital Led by Jane Street and Citadel Securities at $20 Billion Valuation
Kraken raised $800 million in a funding round led by Jane Street and Citadel Securities, valuing the exchange at $20 billion.Summary
Crypto exchange Kraken successfully closed an $800 million funding round, which included a $200 million strategic investment from Citadel Securities, resulting in a $20 billion valuation. This capital raise, which also featured participation from Jane Street and DRW Venture Capital, is one of the largest in crypto history and signals growing trust from traditional finance leaders in regulated digital asset infrastructure. Kraken plans to use the funds to fuel expansion into Latin America, Asia Pacific, and EMEA, enhance regulatory integration, and develop advanced trading and institutional services. The exchange reported $1.5 billion in revenue in 2024 and manages a vertically integrated suite of services including spot, derivatives, staking, and tokenized assets, underscoring its accelerating growth and strong financial position.
(Source：BeInCrypto)