KRAKEN reaches USD $ 15,000 million assessment after Round prior to the IPO: Report

By Hannah Pérez

The exchange of Kraken cryptocurrencies silently closed a financing round for USD $ 500 million, ensuring an assessment of USD $ 15 billion while preparing its exit to the US Stock Exchange.

***

• Kraken silently closes financing around USD $ 500 million, Fortune reports.
• It reaches an assessment of USD $ 15 billion while preparing its exit to the bag in the US.
• A previous report had already advanced the round and assessment for those sizes.
• Kraken is moving quickly to consolidate his position in the market prior to his IPO.

---

Krakenthe renowned cryptocurrency exchange, has closed a financing round of USD $ 500 million, which gives it a record valuation of USD $ 15 billion, according to Fortune.

This operation, carried out in terms established by the company itself, marks a key milestone in the preparations for Kraken For its expected initial public offer (IPO) in the United States, tentatively scheduled for the first half of 2026.

The round, which did not have a main investor, included the participation of various investment managers, risk capitalists and the co-zo KrakenArjun Sethi, who also invested through his firm Capital Tribeaccording to a source cited by Fortune.

This financing adds to the few USD $ 27 million that Kraken He had raised in risk capital until this year, highlighting his ability to operate with financial efficiency and solidity. In the second quarter of 2025, the company reported income for USD $ 411 million and post -bitda earnings of almost USD $ 80 million, according to data published by Kraken.

Kraken is consolidated before his expected IPO

The exchange, founded in 2011, has been hinting at a possible price of its actions in the American Stock Exchange for some time, and has recently been working to consolidate its position in the market in line with these plans.

Under the leadership of Sethi, who assumed a role as co-zo at the end of 2024, Kraken acquired Ninjatradera platform of trading of professional assets, for USD $ 1.5 billion, which increased its customer base by 2 million and strengthened its presence in traditional finances. In addition, the exchange has expanded its offer with products such as Xstockstokenized shares of companies such as Apple and Tesla, seeking to eliminate access barriers to the US stock market in emerging markets.

“Our model is based on merchants and professional institutions”, Sethi said Fortune. “Characteristics such as Kraken Pro, our solid API and advanced interfaces make us a destination for great volume funds and customers – they use our exchange not because it is striking, but because it works and the liquidity is deep ”.

The financing round, previously anticipated in a report of The Information In July, it reinforces the position of Kraken as one of the main actors in the cryptocurrency sector, competing with giants such as Coinbase.

However, the company faces challenges, including a recent restructuring that resulted in the departure of at least four of its key executives, as part of its strategy to optimize operations before the IPO.

If its public departure is completed, other companies in the industry will be joined as Circle, Bullish, Gemini and Galaxy Digital, which have debuted this year in the American stock market amid a broader movement of cryptocurrencies to reach the traditional market. Grayscale and Bitgo They are on the list of those with IPO on the way.

---

Article written with the help of AI, edited by Diariobitcoin

Image of Unspash, edited with Kraken logo

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.