Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken has raised $800 million in new funding, which includes a $200 million investment from Citadel Securities. This funding values the crypto exchange at $20 billion and aims to enhance Kraken's capacity to integrate traditional financial markets with blockchain technology. The recent capital injection comes as Kraken pursues global expansion and the launch of new products related to trading, payments, and tokenized assets, following its growth in multi-asset trading and acquisitions. Kraken’s co-CEO Arjun Sethi highlighted that the backing from major firms like Citadel reflects strong confidence in their strategy. With this funding, Kraken plans to extend its services to regions like Latin America and Asia Pacific, while bolstering offerings such as institutional products and staking solutions. Despite having previously only raised $27 million since its founding in 2011, Kraken reported $1.5 billion in revenue for 2024, exceeding that total already by Q3 2025. Citadel’s involvement underscores its belief in Kraken's role in shaping digital markets' future.

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