Kraken Strengthens Position with New Capital
Kraken has entered a new stage in its growth strategy as fresh capital flows into the company. The U.S. exchange has now secured a total of $800 million in recent fundraising, pushing its valuation higher and reinforcing its path toward wider international expansion. The investment arrives as demand for regulated trading platforms continues to increase across major financial markets.
Kraken confirmed the raise across two separate tranches. The second tranche included a $200 million strategic investment from Citadel Securities at a $20 billion valuation. This follows a $600 million raise in September at a $15 billion valuation. The partnership also included a collaboration agreement that brings support in market structure research, liquidity, and risk management expertise.
The primary tranche attracted institutional participation from Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital. The family office of Kraken Co-CEO Arjun Sethi also contributed a significant commitment. The exchange said the capital reflects confidence in its global roadmap. The funding will help Kraken improve its regulated footprint and add new products across several markets.
Kraken generated strong operational results before the new investment. The company reported more than $1.5 billion in revenue during 2024. It surpassed that figure before the end of the third quarter in 2025. The firm had raised only $27 million in primary capital before the new round. Kraken said the numbers show the strength of its business model and its ability to grow without depending heavily on external capital.
Arjun Sethi said the mission remains unchanged. Kraken wants to offer a platform where anyone can trade any asset at any time from anywhere. He said the latest investor group reflects alignment with that long-term vision. He highlighted the growing need for regulated digital market infrastructure as institutions and government agencies increase involvement in the sector.
Expansion Plans Across Major Global Markets
Kraken now intends to push deeper into new regions. The company said it wants to expand in Latin America, Asia Pacific, Europe, the Middle East, and Africa. The exchange plans to improve product offerings in existing markets while introducing new services to support institutional and retail players.
Kraken has recently expanded its multi-asset ecosystem. The company integrated U.S. futures trading through the acquisition of NinjaTrader. It also launched tokenized equities, equities trading, and introduced KRAK, a new global app for payments, savings, and investing. The updates show Kraken’s growing move toward bridging traditional financial markets with blockchain-based assets.
Citadel Securities President Jim Esposito said the firm sees Kraken shaping the next phase of digital market development. The partnership will support infrastructure development through liquidity enhancement, market insights, and system design input. Sethi added that Citadel Securities helped define modern market structure for nearly 25 years. Kraken expects to benefit from that experience as the exchange scales operations worldwide.
While the company continues to grow, the long-standing discussion around a Kraken public listing also resurfaced. Kraken executives have commented on the topic many times in previous years. Former CEO Jesse Powell said in 2021 that Kraken planned to go public in early 2022. The move never materialized, even as Coinbase completed its direct listing.
Sethi told Yahoo Finance that Kraken does not feel pressure to rush toward an IPO. According to him, the company remains financially strong and well-capitalized. The new fundraising round further supports that message and gives Kraken additional runway for expansion without pressure from public markets.
Kraken continues to monitor the improving regulatory environment in the United States. Market conditions now look more constructive for digital asset firms. However, the exchange said it remains focused on building and expanding rather than pursuing a listing in the near term.