Kraken, the crypto exchange, has raised $800 million, including a $200 million valuation-setting investment from Citadel Securities at a $20 billion valuation, and immediately filed a confidential S-1 with the SEC to begin the process of a US IPO. The capital will fund global expansion across LATAM, APAC, and EMEA, along with product growth and deeper regulatory licensing following its EMI approval in the UK. With the SEC’s 2023 lawsuit dropped in 2025, Kraken now has a clear regulatory path toward becoming one of the first major US-listed crypto exchanges.
Kraken Raises $800M, Files for US IPO
