Kraken Secures $800 Million Funding to Drive Expansion of On-Chain Financial Services

Crypto exchange Kraken has secured a substantial funding boost of $800 million, fueling its expansion into the global on-chain financial infrastructure market. This investment was driven by two key tranches, with institutional investors like Jane Street and DRW Venture Capital leading the primary round alongside Arjun Sethi’s family office. Adding to this success, Citadel Securities provided a strategic $200 million investment at a $20 billion valuation, further strengthening Kraken’s growth trajectory.