Overview
- Kraken confirmed $800 million in new funding split across two tranches, including a $200 million strategic investment from Citadel Securities that set the $20 billion valuation.
- Citadel Securities will work with Kraken on liquidity provision, risk management and market‑structure analysis as part of the partnership.
- A $600 million tranche closed in September at a $15 billion valuation with backing from Jane Street, DRW, HSG, Oppenheimer, Tribe Capital and co‑CEO Arjun Sethi’s family office.
- The company says proceeds will support expansion into Latin America, Asia Pacific and EMEA, plus new offerings in tokenized assets, derivatives, payments and institutional services.
- Kraken reported $1.5 billion in revenue in 2024 and said it surpassed that by Q3 2025, while advancing derivatives via acquisitions such as NinjaTrader and Small Exchange.