Kraken Raises $800 Million; Citadel Securities Commits $200 Million at $20B Valuation

CN
9 hours ago

Kraken announced on November 18, 2025 that it has raised $800 million across two tranches to advance its strategy of bringing traditional financial products onchain, with the primary tranche led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, plus a significant commitment from Kraken Co‑CEO Arjun Sethi’s family office; Citadel Securities executed a $200 million strategic investment at a $20 billion valuation. Kraken says it generated $1.5 billion in revenue in 2024 and exceeded that figure through the first three quarters of 2025, and will use the funds to scale global operations and expand product suites across Latin America, Asia Pacific, and EMEA.

The Citadel Securities tie‑up includes liquidity provision, risk‑management expertise, and market‑structure collaboration to support Kraken’s vertically integrated infrastructure spanning spot, derivatives, equities, tokenized assets, custody, and payments; Kraken plans targeted acquisitions and product rollouts such as equities, tokenized equity trading, and the KRAK app, while noting expansion and specific market entries remain subject to local regulatory frameworks. CEO Arjun Sethi says the investment shows “long‑term conviction in Kraken’s mission,” and Citadel Securities President Jim Esposito highlights support for Kraken’s growth and market innovation.

Read More: Report: Kraken Revenue Doubles as Exchange Eyes 2026 US IPO

When was Kraken’s $800 million raise announced? — Kraken announced the raise on November 18, 2025.
How much did Citadel Securities invest and at what valuation? — Citadel Securities invested $200 million at a $20 billion valuation.
What will Kraken use the new capital for across regions? — Kraken will scale global operations, enter LATAM, APAC, and EMEA, and expand products and acquisitions.
What operational strengths does Kraken cite for deploying these plans? — Kraken cites a vertically integrated infrastructure across trading, custody, clearing, and payments.

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