Kraken (Payward)

Kraken (Payward) is a crypto company based in San Francisco, United States, founded in 2011. Cryptocurrency exchange and trading platform. It was valued at $20bn in November 2025 (Funding round ($800m incl. $200m Citadel Securities)), which makes it a decacorn in the 311 Unicorn Index.

Part of the 311 Unicorn Index (311institute.com). Last updated 16 October 2026.

About Kraken (Payward)

Cryptocurrency exchange and trading platform. Lead investors in its latest round: Citadel Securities (strategic). Website: kraken.com.

How this figure is calculated

The valuation set by the latest priced funding round or company-run share sale, as announced by the company or its lead investor, or reported by a major news organisation. Figures in other currencies are converted at the rate on the day of the round. Talks that have been reported but not closed do not count.

Related

• Innovation profile of San Francisco
• United States: economy and key statistics
• The 311 Unicorn Index
• Global Startups Directory
• Global Investors Directory
• All 311 Indexes

Other unicorns in United States

• Anthropic ($965bn)
• OpenAI ($852bn)
• Databricks ($190bn)
• Stripe ($159bn)
• Anduril Industries ($61bn)
• Ramp ($60bn)
• Cognition ($48bn)
• Project Prometheus ($41bn)
• Ripple ($40bn)
• Figure AI ($39bn)
• Safe Superintelligence ($32bn)
• Crusoe Energy Systems ($30.9bn)
• VAST Data ($30bn)
• Scale AI ($29bn)
• The Boring Company ($23bn)

Questions and answers

© 311 Institute 2026. Facts from the sources linked on this page. The selection, classification and links are the proprietary work of the 311 Institute, protected by copyright and database rights.