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

According to industry media reports, the global leading crypto asset trading platform Kraken secured $200 million in financing on November 18, 2025. The investment was led by Citadel Securities. Following this round, Kraken’s latest valuation reached $20 billion, further consolidating its leadership position in the industry.Kraken is one of the world’s oldest and largest crypto asset trading platforms, founded in 2011, dedicated to enabling global access to and investment in crypto assets. In September 2020, Wyoming granted Kraken a license authorizing it to establish a crypto bank in the state, making it the first crypto exchange in the United States to obtain such a license.As an industry pioneer, Kraken has demonstrated outstanding performance in business expansion and product innovation. Since 2025, Kraken and Backed have planned to expand xStocks to BNB Chain, launching 60 tokenized U.S. equities for non-U.S. users and announcing the relocation of its headquarters. Kraken also introduced "Krak," integrating global financial applications to further enhance user experience. Additionally, Kraken completed the acquisition of NinjaTrader, with first-quarter revenue up 19% year-over-year, demonstrating robust growth momentum.This financing round reflects investor confidence in Kraken’s long-term prospects and signals continued enthusiasm in the crypto asset trading market. With accelerated compliance processes and ongoing product innovation, Kraken is expected to continue leading industry development, providing global investors with safer and more convenient digital asset trading and management services.