Kraken Secures $200 Million in Funding on November 18, 2025, Valuation Reaches $20 Billion

According to media reports, Kraken secured $200 million in funding on November 18, 2025. Investors in this round included Citadel Securities and others. Following this financing, Kraken's total cumulative funding reached $918 million, with its latest valuation at $20 billion.Kraken is one of the world's oldest and largest cryptocurrency exchanges, established in 2011. As an industry pioneer, Kraken is committed to making cryptocurrency accessible to global users, enabling people from all sectors to participate in digital asset investment and achieve financial independence. In September 2020, the Wyoming state government granted Kraken a crypto banking license, making it the first exchange to obtain a state-level crypto bank charter in the United States—a milestone signaling the deep integration of traditional finance and digital assets.In recent years, Kraken has been active in business innovation and market expansion. In early 2025, Kraken completed the acquisition of trading platform NinjaTrader, with first-quarter revenue rising 19% year-over-year, further strengthening its position in the professional trading sector. Subsequently, Kraken announced the launch of "Krak," an integrated global financial application offering users convenient, one-stop financial services. On the asset diversification front, Kraken partnered with Backed to expand xStocks tokenized equity products on BNB Chain, providing 60 tokenized US equities to non-US users. Kraken also announced plans to relocate its headquarters to further optimize its global operations. These initiatives demonstrate Kraken's determination to drive the integration of crypto assets and traditional finance, pioneer new business sectors, and reflect investors' strong confidence in its long-term growth potential.