Overview

• Kraken is targeting a $500 million funding round at a $15 billion valuation to underpin its next growth phase.
• The move follows a U.S. court’s March decision to dismiss the SEC lawsuit, removing a key regulatory obstacle.
• It posted $1.5 billion in revenue last year, a 128% increase, and delivered an adjusted EBITDA of $424 million.
• New U.S. crypto laws such as the GENIUS Act plus the CLARITY Act have provided clearer oversight and boosted institutional interest.
• The exchange is accelerating preparations for an initial public offering slated for Q1 2026.