Prime Highlights

• Kraken closed an $800 million funding round, its largest to date, boosting its valuation to $20 billion and fueling expectations of an upcoming IPO.
• A $200 million strategic investment from Citadel Securities highlights strong institutional confidence in Kraken’s long-term vision for regulated global financial infrastructure.

Key Facts

• Kraken generated $1.5 billion in revenue in 2024 and surpassed that figure within the first three quarters of 2025, reflecting rapid trading growth.
• The new funding will support global expansion across Latin America, Asia Pacific and EMEA, and enable the rollout of new asset types, trading tools, and institutional services.

Background

Kraken, one of the largest US-based cryptocurrency exchanges, has closed an $800 million funding round, pushing its valuation to $20 billion. The announcement marks one of the company’s biggest financial milestones and strengthens expectations that Kraken is preparing to go public.

A major highlight of the round is a $200 million strategic investment from Citadel Securities, led by billionaire investor Ken Griffin. Other participants include well-known institutional investors such as Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. Kraken’s Co-CEO Arjun Sethi’s family office also joined the round.

Sethi said the strong investor interest shows confidence in Kraken’s long-term mission to build reliable and regulated infrastructure for the global financial system. He noted that the company aims to provide a platform where users can trade any asset at any time, and that the quality of investors reflects belief in Kraken’s future direction.

Speculation about a Kraken IPO has been rising in recent months. While the company has not confirmed a timeline, earlier reports suggested that an initial public offering could take place as early as 2026.

Before this funding round, Kraken had raised only $27 million from outside investors. The company made $1.5 billion in revenue in 2024 and passed that amount in the first three quarters of 2025, showing how quickly its trading activity is growing.

The new capital will support expansion across Latin America, Asia Pacific and the EMEA region. Kraken also plans to expand its product range by adding new asset types, advanced trading tools, payment options, and better services for institutional clients.

With strong financial support and rising global demand, Kraken is positioning itself as a major player in digital finance and may soon take the next step toward a public listing.