Kraken seeks $500M at $15B valuation ahead of rumoured 2026 IPO: Report

Key Points

1. Kraken aims to raise $500 million at a $15 billion valuation, with a potential IPO targeted for early 2026.

2. The exchange has around $1.37 billion in daily trading volume and lists over 1,100 trading pairs, about half the volume of Coinbase.

3. Crypto-related stocks like Coinbase, eToro, and Robinhood have seen significant gains in 2025, reflecting investor interest in the sector.

4. The SEC dropped its securities violation lawsuit against Kraken in March, signaling a more favorable regulatory climate.

5. Kraken expanded into Europe with a P2P payments app called 'Krak' after securing a license under the Markets in Crypto-Assets regulation.