Kraken Reaches $20 Billion Valuation After Major Funding Boost from Citadel Securities

Cryptocurrency exchange Kraken has secured a $20 billion valuation following a $800 million funding round led by institutional investors and boosted by a strategic investment of $200 million from Citadel Securities. This funding will be used to fuel the exchange’s expansion into global markets, tokenized financial products, and regulated trading. 2026 plans for Kraken were outlined in a blog post detailing investor participation and strategic objectives. Kraken co-CEO Arjun Sethi emphasized that this recent fundraise reflects long-term strategy rather than short-term market cycles.