New funding round brings strategic partnership with Citadel Securities and fuels major international growth plans
Crypto exchange Kraken has secured $800 million across two funding rounds, lifting its valuation to $20 billion as the firm prepares for a broad global expansion. The company said the fresh capital will strengthen its regulated presence worldwide and support new product development.
Citadel Securities Joins as Strategic Investor
The second tranche of the round included a $200 million strategic investment from Citadel Securities, marking a significant collaboration between one of the world’s largest market makers and a leading digital asset exchange. The partnership will allow Citadel to offer Kraken insights on liquidity provision, market structure and risk management.
Kraken also received backing from Jane Street, DRW Venture Capital, HSG and Tribe Capital, as well as a major commitment from the family office of co-CEO Arjun Sethi.
Kraken said, “With this additional capital, we will continue scaling our global operations, deepening our regulated footprint and expanding our product suite — both organically and through targeted acquisitions.”
Expansion Across Emerging and Established Markets
The exchange already operates in several regions, but the new funding will fuel deeper expansion into Latin America, Asia-Pacific, Europe, the Middle East and Africa. Kraken plans to enhance its exchange infrastructure, improve product offerings and potentially enter markets where crypto adoption is accelerating.
The company emphasized that its goal is to build a stronger operational base as regulatory clarity improves in key jurisdictions.
IPO Rumors Continue, but Kraken Stays Private
Kraken has been surrounded by IPO speculation for years. Former CEO Jesse Powell previously said the company aimed to go public in 2022, but no formal step has been taken.
Despite comparisons to Coinbase’s public listing, Kraken maintains that it is not in a rush. Co-CEO Arjun Sethi recently stated the firm remains “financially sound” and well supported by private investors.
The latest round of funding reinforces that Kraken has no immediate pressure to pursue an IPO, even as conditions for crypto companies strengthen in the United States.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.