Key Takeaways:
- Kraken plans to raise $500 million at a $15 billion valuation, signaling a potential IPO by early 2026.
- The exchange is leveraging favorable U.S. regulatory shifts, following the SEC’s dismissal of a key enforcement case.
- Kraken sees $1.37 billion in daily trading volume and offers over 1,100 trading pairs, positioning itself behind Coinbase in the U.S. market.
Kraken, a major U.S.-based crypto exchange, is reportedly planning to raise $500 million at a $15 billion valuation as it eyes a potential initial public offering (IPO), according to The Information.
The move follows a prior valuation of around $11 billion in 2022 and comes amid improving regulatory conditions for crypto in the U.S., particularly under the Trump administration.
Scoop: Kraken’s $15 Billion Price Tag
— The Information (@theinformation) July 29, 2025
Crypto exchange Kraken is raising money at a $15 billion valuation. Plus, Figma’s Dylan Field has an unusual amount of power.
Read more from @CoryWeinberg 👇 https://t.co/Z6zvvlHM9p
Bloomberg previously reported Kraken could go public as early as Q1 2026.
The exchange appears to be positioning itself to benefit from a broader IPO resurgence, which has recently favored firms like eToro and Circle.
Kraken processes roughly $1.37 billion in daily trading volume and supports over 1,100 trading pairs – about half the volume of its main competitor, Coinbase, which handles $2.77 billion daily with 448 pairs.
In March, the SEC dropped a longstanding securities violation case against Kraken, part of a wider trend of regulatory pullbacks.
Kraken joins a growing list of crypto companies pursuing public listings, including Ripple, Gemini, Galaxy Digital, Grayscale, and Bullish, the latter backed by Peter Thiel.
The developments signal renewed institutional interest and optimism across the crypto exchange sector.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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