Summary Points
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Significant Funding: Kraken raised $800 million in funding across two tranches from institutional investors and Citadel Securities to enhance its operations and expand globally.
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Financial Growth: The exchange reported $1.5 billion in revenue for 2024, already exceeding that in the first three quarters of 2025.
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Strategic Initiatives: Kraken plans to expand into Latin America, Asia Pacific, and EMEA, while diversifying its offerings to include advanced trading tools and additional asset categories.
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Innovative Products: Recent expansions include US futures trading, equities trading, and the launch of the “KRAK” app for payments, savings, and investing, positioning Kraken at the intersection of traditional finance and the open-finance ecosystem.
Kraken Raises $800M to Expand Global On-Chain Financial Infrastructure
Crypto exchange Kraken has successfully raised $800 million in funding. This move marks a significant effort to enhance its on-chain financial infrastructure and increase its global presence.
Institutional investors led the primary tranche of funding, which included firms like Jane Street and DRW Venture Capital. Notably, Co-CEO Arjun Sethi’s family office also joined this round. Furthermore, Kraken secured an additional $200 million from Citadel Securities at a $20 billion valuation.
This funding follows a strong financial performance. In 2024, Kraken reported $1.5 billion in revenue and has already surpassed that figure in the first three quarters of 2025. Prior to this latest funding round, the company had raised $27 million.
Kraken’s partnership with Citadel Securities focuses on liquidity provision and market structure input. Sethi emphasized the importance of this investment, stating it reflects a strong belief in the company’s mission to create a trusted, regulated financial system. He believes that the quality of new investors showcases the vast opportunities ahead.
With the new capital, Kraken plans to broaden its reach in markets across Latin America, Asia Pacific, and the EMEA region. Also, it aims to enhance its offerings beyond cryptocurrency. Initiatives to include advanced trading tools, staking products, and expanded payment services will further position Kraken at the intersection of traditional finance and the evolving open-finance ecosystem.
Recently, Kraken expanded its product range by integrating U.S. futures trading through its acquisition of NinjaTrader. The company also launched a global application for payments, savings, and investing, named “KRAK.” These developments signal a commitment to providing users with secure access to a diverse set of digital assets.
In summary, Kraken’s strategic investments and expansion plans underpin its desire to innovate and lead in the evolving landscape of financial technology. As it moves forward, the company remains focused on creating a platform where users can trade various assets anytime, anywhere.
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