Kraken Reportedly Raising $500M Ahead of IPO

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.