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Kraken

Financial Services & Digital Assets · United States · Private

Kraken is a global digital-asset platform spanning trading, custody, payments, and tokenized assets.

$20BLatest valuationCitadel strategic investment, November 2025
PrivatePublic statusNo confirmed listing
Digital-asset exchangeBusiness focusCompany profile
$800MLatest fundingFinancing announced November 2025

The Company

Kraken operates a global digital-asset platform spanning spot trading, derivatives, custody, payments, and tokenized equities.

It announced $800 million in financing in November 2025; the Citadel Securities strategic-investment tranche was executed at a $20 billion valuation.

Why It Matters

Kraken is a major private-market proxy for institutional adoption of digital-asset infrastructure. Its expansion into multiple financial products makes its execution relevant beyond crypto trading alone.

Valuation History

  1. $20.0B→Nov 2025Citadel Securities strategic investmentSource ↗
  2. $21.0B→Sep 2026Nasdaq $100M strategic investmentSource ↗

What Changed

  1. Announced $800M financing; Citadel tranche at $20B valuation.

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