Kraken Secures $200 Million in Funding on November 18, 2025, Reaching a Valuation of $20 Billion

According to media reports, the globally renowned crypto asset exchange Kraken secured $200 million in funding on November 18, 2025. The investment was led by Citadel Securities. Following this round, Kraken’s latest valuation reached $20 billion, further consolidating its leading position in the global crypto asset trading market.Founded in 2011, Kraken is one of the world’s oldest and largest crypto asset exchanges. The platform is committed to making crypto assets accessible, enabling people from all walks of life to participate in independent investing. In September 2020, the Wyoming government granted Kraken a license to establish a crypto bank, making it the first crypto trading platform in the United States to obtain such qualifications.Recently, Kraken has been actively expanding. In June 2025, Kraken launched “Krak,” an integrated global financial application, and announced the offering of 60 tokenized U.S. stocks to non-U.S. users, expanding its product ecosystem. In the same month, the company also announced plans to relocate its headquarters. Additionally, Kraken completed the acquisition of NinjaTrader in May, with Q1 revenue rising 19% year-over-year, demonstrating strong business growth momentum. Kraken also partnered with Backed to expand xStocks to BNB Chain, further strengthening its integration with mainstream blockchain networks. These initiatives indicate that Kraken is actively diversifying its business and transitioning from a trading platform to a comprehensive financial services provider.