Kraken Seeks $500M Funding At $15B Valuation: Report

Kraken is reportedly set to boost half a billion {dollars} in funding at a valuation of $15 billion because the American crypto change eyes a possible public providing. 

The Info reported the $500 million funding plan on Tuesday, citing folks aware of the matter, including that Kraken was final valued at about $11 billion in 2022.

Bloomberg reported in March that Kraken was focusing on a public debut as early as the primary quarter of 2026, citing a extra pleasant regulatory atmosphere below the Trump administration.

The corporate might be searching for a windfall amid a latest increase in preliminary public choices, which has to this point netted large cash for buying and selling platforms equivalent to eToro and crypto stablecoin issuer Circle Web Group.

Kraken at present has round $1.37 billion in each day buying and selling quantity and lists greater than 1,100 buying and selling pairs, in accordance with CoinGecko. It has about half the quantity of its essential US-based rival, Coinbase, which has $2.77 billion and 448 buying and selling pairs. 

Kraken didn’t instantly reply to Cointelegraph’s request for remark. 

Shares in crypto firms see large beneficial properties

Crypto firms have seen main beneficial properties this 12 months as Bitcoin (BTC) has continued to hit new highs and traders look to realize publicity to the sector.

Circle, issuer of USDC (USDC), accomplished a $1 billion public providing in early June and commenced buying and selling on the New York Inventory Change for $31. It has since gained 484%, closing buying and selling on Tuesday at over $181.

Buying and selling platform eToro (ETOR), which affords inventory and crypto buying and selling, debuted on the Nasdaq in Might at $52 and is up over 16.5% since, final closing at $60.71.

In the meantime, Coinbase (COIN), which went public in 2021, has surged 50% because the starting of the 12 months. Inventory buying and selling platform Robinhood Markets (HOOD), which additionally affords crypto buying and selling, has gained 162% to this point in 2025.

Extra IPOs from regulatory inexperienced gentle 

Kraken is the most recent crypto firm to reportedly eye a public itemizing within the wake of a wave of crypto-friendly laws and the dismissal of regulatory lawsuits towards crypto companies within the US.

The Securities and Change Fee dropped its long-running securities violation lawsuit towards Kraken in March, certainly one of many complaints towards crypto firms the regulator has deserted below President Donald Trump.

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Different companies which have gone public or have signalled plans to go public embrace fintech agency Ripple, crypto change Gemini, digital belongings and information middle infrastructure agency Galaxy Digital, Grayscale and Bullish, a crypto change backed by Peter Thiel. 

Kraken increasing into Europe 

In June, Kraken debuted a peer-to-peer funds app known as “Krak” that permits customers to ship fiat and cryptocurrency, no matter nation borders. 

The agency additionally announced that it could now broaden its choices and throughout the European Union after securing a license below the Markets in Crypto-Property framework in June. 

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