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Kraken Reportedly Raising $500M Ahead of IPO

Kraken is reportedly seeking fresh capital to solidify its $15B valuation before going public.
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Jul 30, 20251 min read

Kraken is reportedly looking to raise $500 million at a $15 billion valuation as it gears up for a potential IPO in 2026, according to The Information. The raise would help the U.S.-based exchange establish a valuation floor for public investors and maintain momentum following its cleared legal battles with the SEC.

What’s the Scoop?

  • Fundraising target: Kraken is aiming to close a $500M private funding round to support its targeted $15B valuation in advance of a public offering. The company is reportedly preparing to go public as early as Q1 2026.
  • Regulatory reset: This move comes months after the SEC dropped its lawsuit against Kraken, removing another major obstacle to its IPO ambitions.
  • Recent performance: Kraken posted $472M in revenue in Q1 2025, up 19% YoY, and sees $1.25–1.37B in daily trading volume, making it the second-largest U.S. exchange after Coinbase.

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