Kraken Secures $800 Million, Valued at $20 Billion

Kraken announced $800 million in investments, valuing the exchange at $20 billion.

The cryptocurrency exchange Kraken announced the acquisition of two investment tranches totaling $800 million.

The majority, $600 million, was provided by institutional players, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, as well as the family office of Kraken co-founder Arjun Sethi.

The company entered an additional strategic investment agreement of $200 million with Citadel Securities. The deal was closed with the exchange valued at $20 billion.

Kraken plans to use the funds to “accelerate the integration of traditional financial products into blockchain.” The platform aims to enter new markets in Latin America, Asia, and the EMEA region, while simultaneously expanding its asset offerings beyond cryptocurrencies.

“Our goal has always been simple: to create a platform where anyone can trade any asset, anytime, anywhere. The caliber of our new investors reflects both the scale of the opportunities ahead and the depth of alignment in building this infrastructure,” the press release stated.

The collaboration with Citadel Securities involves differentiated liquidity provision, risk management expertise, and market structure analysis.

Kraken continues to attract funding amid the approaching potential IPO. In March, journalists reported that the exchange plans to go public in the first quarter of 2026.

Back in March 2025, the U.S. Securities and Exchange Commission dismissed a lawsuit against Kraken, which also paved the way for the company to enter public markets.