Kraken Plans to Raise $500 Million at $15 Billion Valuation Ahead of Potential IPO
Main Idea
Kraken plans to raise $500 million at a $15 billion valuation ahead of a potential IPO in early 2026, while expanding its services and acquisitions.
Key Points
1. Kraken aims to raise $500 million at a $15 billion valuation, up from $11 billion in 2022.
2. The exchange has a daily trading volume of approximately $1.25 billion.
3. Kraken is investing in growth initiatives, including the $1.5 billion acquisition of futures trading platform Ninjatrader.
4. The company is launching a peer-to-peer payments app called 'Krak' and expanding offerings to include tokenized U.S. stocks on the Solana blockchain.
Description
Crypto exchange Kraken is reportedly planning to raise $500 million at a $15 billion valuation as it prepares for a potential initial public offering (IPO) in early 2026, according to The Information. With a daily trading volume of approximately $1.25 billion, Kraken aims to solidify its valuation and maintain momentum after recent legal victories. The
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