Kraken eyes $15B valuation and 2026 IPO amid rising revenue, global expansion, and growing investor interest in crypto infrastructure.
Cryptocurrency exchange Kraken is aiming to raise $500 million at a $15 billion valuation, according to sources reported by The Information. This is a significant increase as compared to its valuation of $11 billion in the year 2022. The decision is made as the company is getting ready to issue a possible initial public offering (IPO), which may take place in the first quarter of 2026.
Kraken Reports $1.5B Revenue, Considers IPO
The 14-year-old crypto platform has been picking up steam, particularly since the co-CEO Arjun Sethi joined it, having worked at Tribe Capital. Kraken has also recently revealed its financial results, generating 1.5 billion dollars in revenue in the previous year. These trends indicate positive business dynamics and investors.
In 2025, the crypto fundraising situation will have improved. Recent IPOs of companies such as the Circle Internet Group, which has a market capitalization of 1 billion dollars and listed in June, and eToro, which listed on Nasdaq in May, have stimulated others in the sector. Consequently, the IPO plans of Kraken appear to be opportune. The company is seeking to take advantage of both more institutional interest in crypto and the continued regulatory effort, including the proposed GENIUS and CLARITY Acts in the U.S.
Provided that Kraken managed to raise 500 million dollars at the desired valuation, it would become one of the most highly valued crypto exchanges in the world. But the company does not reveal the terms of the funding round yet. This will consist of names of lead investors, structure of the round, or secondary sales.
Besides raising funds, Kraken is also extending its services and market globally. On July 15, it announced a U.S. derivatives platform, which will permit traders to trade CME-listed crypto futures using Kraken Pro. This is after the acquisition of NinjaTrader, evidencing the fact that Kraken is not focusing only on crypto but on traditional financial products such as stocks, options, and prediction markets.
Kraken Strengthens Global Position Ahead of Potential IPO
Kraken’s international presence is also growing. In June 2025, the trade was approved by the regulators within the European Union through the Markets in Crypto-Assets (MiCA) regime. This enables it to proliferate services within the EU, which provides it with better presence in the European market.
Related Reading: Kraken Secures MiCA License in Ireland, Expands Across EU
Kraken has also ranked second in the world in the Kaiko Q2 2025 Exchange Ranking, compared to the third position last quarter in terms of performance. This ranking indicates a higher volume of trade, the products, and international user activity.
People have speculated about a possible IPO for years. However, market changes and government uncertainty likely delayed earlier plans. Today, the company seems to be in a better position to go public with increased revenue and more transparent laws. The date of this increase indicates that Kraken might be going a step further to join a public exchange.
Kraken is expanding its product line to meet growing global demand. Regulators are increasingly recognizing Kraken’s compliance and operational transparency. With strong financials, the company is positioned to lead in both retail crypto adoption and institutional finance. Investors view Kraken as a reliable infrastructure play in a volatile market. Its consistent performance and innovation make it one of the most promising opportunities in the crypto sector.
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