Kraken raises $800 million to expand global on-chain financial infrastructure

Kraken raised $800 million in two tranches to scale its operations and expand global markets.

Crypto exchange Kraken has announced that it has raised $800 million in funding in two tranches as part of an effort to expand its on-chain financial infrastructure and broaden its global footprint.

According to the company, the primary tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, with an additional commitment from co-CEO Arjun Sethi’s family office.

“Strategic roadmap”

Kraken also executed an agreement for a separate $200 million strategic investment from Citadel Securities at a $20 billion valuation. The exchange reported $1.5 billion in revenue in 2024 and said it has already surpassed that figure in the first three quarters of 2025. Prior to this latest round, it had raised $27 million in primary capital.

Kraken said the partnership with Citadel Securities will include liquidity provision, risk management support and market structure input. With the new capital, Kraken plans to scale its operations, strengthen its regulatory presence and further develop its product suite, both internally and through acquisitions.

Commenting on the development, Sethi said,

“This investment represents a long-term commitment to Kraken’s mission to build a trusted, regulated infrastructure for the open financial system. Our focus has always been simple: creating a platform where anyone can trade assets, anytime, anywhere. The caliber of our new investors reflects both the scale of the opportunity before us and the deep alignment around how to build this infrastructure.”

Expansion plans

The company outlined expansion plans focused on markets in Latin America, Asia Pacific and the EMEA region, in addition to efforts to expand its offering beyond crypto with additional asset classes, advanced trading tools, staking products, expanded payment services and enhanced institutional features.

Kraken said these initiatives aim to provide users with more secure and efficient access to digital and tokenized assets, while positioning them firmly between traditional finance and the evolving open finance ecosystem.

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In recent months, Kraken has expanded its product range by integrating US futures trading through the acquisition of NinjaTrader, rolling out stock and tokenized stock trading, and launching a global payments, savings and investing application called ‘KRAK’.