Overview
- Kraken is seeking to raise $500 million at a $15 billion valuation to support its next growth phase.
- A U.S. court’s March dismissal of the SEC’s lawsuit has removed key compliance hurdles for the exchange.
- The company is laying groundwork for an initial public offering in the first quarter of 2026.
- Its global footprint has grown through the $1.5 billion acquisition of NinjaTrader, MiCA/MiFID/EMI licenses in Europe and the U.K., and the June launch of the Krak App covering over 300 assets in 110 countries.
- U.S. crypto laws like the GENIUS and CLARITY Acts have boosted institutional interest and fueled a sector-wide wave of late-stage fundraises and IPO plans.