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3w ago

Kraken Pursues $500 Million Round at $15 Billion Valuation, Eyes 2026 IPO

Regulatory clarity from a dismissed SEC suit is driving Kraken’s global expansion before its planned 2026 public debut.

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Crypto exchange kraken's earnings fell 6.8% year over year to $79.7m in q2
kraken revenue
Kraken targets $15 billion valuation with new funding round before IPO

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.