Kraken acquires NinjaTrader for $1.5b

The third week of March 2025 brought a major crypto exchange expansion as Kraken completed its $1.5 billion acquisition of NinjaTrader. Meanwhile, MoonPay secured $200 million for its payment infrastructure.

According to Crypto Fundraising, the week’s funding reached over $2 billion. The week’s funding has seen a jump toward trading tools, storage solutions, and payment infrastructure.

NinjaTrader, $1.5 billion

• Acquired by Kraken for $1.50 billion.
• The M&A deal will expand Kraken’s trading analytics capabilities.
• Building finance and trading infrastructure.
• Developing analytical trading tools.

MoonPay, $200 million

• Moonpay received a $200 million revolving credit line from Galaxy, a crypto-focused financial services firm.
• The company, which focuses on building payment and trading solutions, has raised a total of $1.16 billion so far.

Walrus, $140 million

• Walrus secured $140 million in an unknown round with $2 billion FDV.
• The investment was backed by Standard Crypto, a16z crypto and Electric Capital.
• Walrus is building storage solutions on the Sui (SUI) ecosystem.

VIA, $28 million

• VIA raised $28 million in Series B funding.
• The investment was backed by Bosch Ventures, BMW i Ventures, and MassMutual Ventures.
• The project has raised $45.15 million so far.

Crossmint, $23.6 million

• Crossmint, an NFT payment infrastructure builder, secured $23.6 million in Series A funding
• The investment was backed by Ribbit Capital, Franklin Templeton, and Nyca

Halliday, $20 million

• Halliday raised $20 million in Series A funding.
• Its backers include Andreessen Horowitz’s a16z crypto, Ron Conway’s SVA Angel and Blizzard.
• The company, which is creating gaming payment infrastructure, has raised $26 million so far.

Utila, $18 million

• Utila secured $18 million in Series A funding.
• The company is backed by Nyca Partners, Wing Venture Capital and NFX.
• Utila is building multichain security wallet; It has raised $29.5 million so far.

SlingShot DAO, $16 million

• SlingShot DAO has raised $16 million in an unknown round.
• Dragonfly, Animoca Brands, and DCG participated in the effort.
• The project has raised $19 million so far.

Privy, $15 million

• Privy secured $15 million in an unknown round
• The investment was backed by Ribbit Capital, Sequoia, and Paradigm
• The startup has raised $33 million so far.

Notable crypto VC funding rounds < $10 million

• Ephyra, $10.5 million for AI gaming on P2E
• Yeet, $7.75 million for P2E gaming on Berachain
• Pluralis Research, $7.60 million for AI infrastructure
• Uranium Digital, $6.10 million for real-world assets on Solana (SOL)
• ABEX, $6 million for financial asset management
• Soluna, Opinion Labs, and Hibachi each raised $5 million
• Stable Sea, $3.5 million for stablecoin payments
• Redacted, $3.01 million with $70 million FDV for entertainment
• Level Protocol, $2.6 million for stablecoin solutions
• Manifest Finance, $2.5 million for real-world assets
• Stoffel MPC, $1.6 million for privacy infrastructure
• Oro, $1.5 million for Solana real-world assets
• Kamigotchi, $1.3 million for P2E gaming
• Bedrock, $1.25 million with $25 million FDV for DeFi staking
• NeuronX, $1 million for AI lending solutions