US cryptocurrency exchange Kraken has announced an $800 million fundraise.

The company said the investment will support its strategy of bringing traditional financial products on-chain whilst supporting its ambitions to scale global operations and expand its regulated footprint and product suite.

With the capital injection, the business also plans to enter new markets across Latin America, Asia Pacific and EMEA.

Kraken said it will broaden its offering beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities.

Founded in 2011, Kraken operates a globally scaled and regulated infrastructure stack that spans spot trading, derivatives, equities, tokenised assets, staking and payments.

The crypto business generated $1.5 billion in revenue in 2024, surpassing that figure within the first three quarters of this year.

Previous to this funding round, it had one primary capital raise of $27 million.

The new funding was completed across two tranches, with the first led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, along with a significant commitment from Kraken co-chief executive Arjun Sethi’s family office.

An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation.

“This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system,” said co-chief executive Arjun Sethi. “Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere.

"The calibre of our new investors reflects both the scale of the opportunity ahead and the depth of alignment around how this infrastructure should be built.”

In recent months, the company has integrated US futures trading through an acquisition of NinjaTrader. It also launched equities and tokenised equity trading

In June, Kraken rolled out a global money app to allow its customers to transact across borders.

Through the Krak app, users can manage over 300 different fiat and digital assets.

The app includes peer-to-peer payments which allows users to send money to each other across 110 different countries.

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