Kraken Secures $600 Million in Funding on November 18, 2025, Latest Valuation Reaches $15 Billion

According to media reports, leading global crypto asset trading platform Kraken completed a $600 million funding round on November 18, 2025. Investors include renowned institutions such as HSG, Tribe Capital, DRW Venture Capital, Jane Street Capital, Arjun Sethi, and Oppenheimer Alternative Investment Management. Following this round, Kraken’s latest valuation has reached $15 billion, further solidifying 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, committed to providing secure and convenient digital asset trading and investment services to users worldwide. In September 2020, Kraken obtained a crypto banking license from the State of Wyoming, becoming the first crypto exchange to receive such a license in the United States—a milestone that significantly enhanced its compliance and market credibility.Recently, Kraken has taken significant steps in business expansion. In the first half of this year, the company successfully launched 60 tokenized U.S. equities products for non-U.S. users and partnered with Backed to plan the expansion of xStocks to BNB Chain. Additionally, Kraken announced its headquarters relocation and launched an integrated global financial application called “Krak,” further consolidating its trading and financial services ecosystem. In May of this year, Kraken completed the acquisition of NinjaTrader, and first-quarter revenue increased by 19% year-over-year, demonstrating robust business growth. These strategic initiatives indicate that Kraken is actively transforming from a pure exchange into a full-featured financial platform to meet the increasingly diversified demands of the crypto asset market.