Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026

Kraken raised $500 million, increasing its valuation to $15 billion, setting the stage for a possible public listing in 2026. The cryptocurrency exchange closed the fundraising round in September 2025 on its own terms, without a lead investor. The additional capital positions Kraken among the most valuable private exchanges as it builds toward an initial public offering.