In brief
- Crypto exchange Kraken raised $800 million in funding, including $200 million from Citadel Securities.
- The latest fundraise values the firm at $20 billion.
- Kraken is reportedly planning an IPO, though the firm has yet to officially announce the move.
American cryptocurrency exchange Kraken is freshly flush with cash, thanks to an $800 million funding round announced Tuesday.
Kraken said it secured the funding across two tranches. The primary investment was led by major institutional players including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, with additional backing from Kraken Co-CEO Arjun Sethi’s family office.
A separate $200 million strategic investment from Ken…
Nov 19 2025
