Kraken Eyes $500M Raise at $15B Valuation Ahead of 2026 IPO

Crypto exchange Kraken is reportedly seeking to raise $500 million at a $15 billion valuation, aiming for a public listing in early 2026.

A surge from its $11 billion valuation in 2022, this funding push comes after the SEC dropped its lawsuit in March 2025—clearing a major legal obstacle.

Kraken also posted $472M in Q1 2025 revenue, up 19% year-over-year, and handles approximately $1.37B in daily trading volume, listing over 1,100 trading pairs.

Strategic expansions include acquiring NinjaTrader for $1.5B to support its derivatives push, launching tokenized stock trading via xStocks, securing an EU MiCA license, and rolling out a peer-to-peer payments app called "Krak".

Source: theinformation.com