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Kraken is seeking to raise $500M at a $15B valuation
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The funding is tied to its expected IPO in early 2026
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Regulatory clarity has encouraged crypto firms to go public
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Kraken joins companies like Circle and eToro that recently listed
Kraken Seeks New Capital Ahead of IPO Plans
Crypto exchange Kraken is reportedly planning to raise $500 million in a private funding round, aiming for a $15 billion valuation. The fundraising aligns with Kraken’s anticipated initial public offering in early 2026, according to sources reported by The Information.
Kraken, founded in 2011, maintains a daily trading volume of $1.25 billion and ranks among the top global exchanges.
Favorable Regulations Fuel IPO Pipeline
Kraken’s push toward public markets follows a broader trend. The SEC’s March 2025 dismissal of its lawsuit against Kraken for alleged illegal staking services removed a major hurdle.
Other crypto firms including stablecoin issuer Circle and broker eToro have already gone public. Custody firm BitGo and exchanges Bullish and Gemini have also filed IPO applications.
Timing Linked to Political and Regulatory Shift
Rajiv Sawhney of Wave Digital Assets International noted that crypto companies originally funded in 2016–2018 are now seizing the opportunity to exit via IPOs. He credited the pro-crypto regulatory environment under the Trump administration for the surge in public listings.
