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

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 has also secured a $200 million strategic investment from Citadel Securities at a valuation of $20 billion. The exchange reported $1.5 billion in revenue for 2024 and indicated it has already surpassed that figure in the first three quarters of 2025. Before this latest funding round, it had collected $27 million in primary capital.

Kraken stated that its collaboration with Citadel will entail liquidity provision, risk management support, and input on market structure. With this new capital, Kraken intends to scale operations, bolster its regulatory standing, and further develop its product suite, both internally and via acquisitions.

Commenting on this development, Sethi said:

“This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system. Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere. The caliber of our new investors reflects both the scale of the opportunity ahead and the depth of alignment around how this infrastructure should be built.”

Expansion Plans

The firm has outlined expansion plans aimed at markets in Latin America, Asia Pacific, and the EMEA region, in addition to diversifying its offerings to include additional asset categories, advanced trading tools, staking products, expanded payment services, and enhanced features for institutional clients.

Kraken stated that these initiatives are designed to provide users with secure and efficient access to digital and tokenized assets while strategically positioning itself between traditional finance and the evolving open-finance ecosystem.