Kraken Nets $800M to Supercharge Its On-Chain Finance Vision

Cryptocurrency exchange Kraken secured $800 million in fresh funding to accelerate its expansion into traditional financial products on the blockchain. The capital arrived across two separate tranches at a $20 billion valuation.

Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital led the primary investment round. Co-CEO Arjun Sethi’s family office contributed a significant commitment alongside these institutional investors.

Citadel Securities executed an agreement for a subsequent $200 million strategic investment. The market-making firm will provide differentiated liquidity provision, risk management expertise, and market structure insights to Kraken.

Founded in 2011, Kraken operates a globally regulated infrastructure spanning spot trading, derivatives, equities, tokenized assets, staking, and payments. The platform generated $1.5 billion in revenue during 2024 and surpassed that figure within the first three quarters of 2025.

The exchange raised only $27 million in primary capital before this funding round. Its vertically integrated architecture covers exchange matching, custody, clearing, settlement, market data, and wallet services.

Kraken Plans Geographic and Product Expansion

The company’s vertically integrated infrastructure enables rapid deployment of new asset classes and features. Meanwhile, the platform maintains industry-leading security standards and regulatory compliance across its operations.

Citadel Securities President Jim Esposito expressed excitement about supporting Kraken’s growth trajectory. “We’re excited to support Kraken’s continued growth as it helps shape the next chapter of digital innovation in markets,” Esposito said.

Following the investment, Kraken plans to scale global operations and deepen its regulated footprint across multiple jurisdictions. The exchange will expand its product suite through both organic development and targeted acquisitions.

Kraken intends to enter new markets across Latin America, Asia Pacific, and EMEA regions. The platform will broaden offerings beyond cryptocurrency to include additional asset classes and advanced trading tools.

Enhanced staking solutions, expanded payment services, and strengthened institutional capabilities comprise key development priorities. These initiatives aim to provide clients with secure, efficient access to digital and tokenized assets.

Citadel Securities has helped define modern market structure for nearly 25 years, increasing efficiency, transparency and access for institutional and retail investors alike, We’re pleased to welcome the firm as an investor.

Sethi said

The caliber of new investors reflects both the scale of opportunity and depth of alignment around infrastructure development. Kraken’s sustained profitability demonstrates the viability of uniting traditional financial markets with digital assets.

Kraken Completed Stock and ETF Trading Launch

In April 2025, Kraken announced its entry into traditional finance markets. On April 14, the platform launched commission-free trading for over 11,000 stocks and ETFs to select U.S. states.

The initial rollout included residents of New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and the District of Columbia. Nationwide expansion followed in subsequent months.

Users gained the ability to trade stocks and ETFs directly within their accounts alongside existing cryptocurrency holdings. This seamless integration allowed portfolio management of crypto, stocks, cash, and stablecoins from one platform.

The stock trading feature represented Kraken’s first major step into traditional asset classes. The move positioned the exchange at the intersection of conventional and open finance systems.