Kraken plans IPO at $15 billion valuation, seeks to raise $500 million.

Kraken plans IPO at $15 billion valuation, seeks to raise $500 million.

Cryptocurrency exchange Kraken is set to embark on an Initial Public Offering (IPO) with a valuation of $15 billion, according to a report from Reuters. The company aims to raise $500 million through this funding round [1]. The news, citing sources familiar with the matter, was reported on Tuesday, July 2, 2025.

The company has not yet responded to Reuters' request for comment. Kraken, founded in 2011, has been a key player in the cryptocurrency market, offering trading services for various digital assets. The IPO is expected to be a significant milestone for the company, providing it with additional capital to expand its operations and services.

The funding round is part of a broader trend in the cryptocurrency industry, where established exchanges are seeking to raise capital to grow and innovate. Kraken's IPO comes at a time when the cryptocurrency market is experiencing both growth and volatility, with regulatory environments evolving globally.

The $15 billion valuation and $500 million funding round highlight Kraken's ambitious plans for future growth. Investors will be watching closely to see how the company navigates the IPO process and how it uses the raised funds to solidify its position in the market.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TQ2FE:0-kraken-seeks-500-million-funding-at-15-billion-valuation-the-information-reports/