Crypto VC funding: Kraken acquires NinjaTrader for $1.5b, MoonPay secures $200m
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.
Galaxy is proud to support @moonpay with a $200M revolving credit line to help drive growth and expand access to digital assets.
As @novogratz says: “Initiatives like this are key to the continued expansion and maturity of the industry, and we look forward to our ongoing… https://t.co/98tGHgliLF
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
Excited to announce our $23.6M fundraise, led by Ribbit Capital—to bring every business and AI agent onchain. pic.twitter.com/CDukWnBpSy
— Crossmint (@crossmint) March 18, 2025Halliday, $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.
1/ Today, we are thrilled to announce our $20M Series A, led by @a16zcrypto, with participation from @svangel, @CrediblyNeutral, and @BlizzardFund.
This funding fuels the development of our Workflow Protocol, so developers never need to write a smart contract again. pic.twitter.com/UfbvZWHdov
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.
Privy raises $15M in a round led by Ribbit Capital.
Participants include Sequoia, Paradigm, Blue Yard, and Coinbase.
Sequoia and Blue Yard previously led the Seed round, Paradigm led the Series A, and Coinbase made a strategic investment in mid-2024. https://t.co/tbaJyDUqla pic.twitter.com/JzE3KlWoqB
