Kraken Eyes $ 500 million fundraising for $ 15 billion rating prior to potential IPO: report

Kraken, one of the world’s largest cryptocurrency exchanges, is said to be planning to pick up $ 500 million in a financing round with a rating of $ 15 billion.

The exchange has not publicly commented on the potential round, which was first reported by The informationWith reference to anonymous sources. Founded in 2011, Crack Has a daily trading volume of $ 1.25 billion, according to Coetecko.

The news follows reports of Bloomberg Earlier this year that indicates that Kraken focuses on a first public offer (IPO) in the first quarter of 2026.

The potential capital increase follows a period of many increased regulations of the regulations for the exchange. In March 2025, the US Securities and Exchange Commission rejected its long-term lawsuit against Kraken, which had accused the crypto deployment of the Exchange of compiling an illegal sale of securities.

If the reports are accurate, Kraken joins a wider trend of large crypto companies that are looking for public capital for the first time. In recent months, reports have surfaced from other major players in the industry that pursue similar fundraising or IPO plans.

Various well-known crypto companies have already become public in the past year. Include stabile Giant Circle Internet Financial, who scored a blockbuster IPO in June, and trading platform Etoro in May.

In the meantime, other crypto companies such as guardianship provider Bitgo, as well as crypto exchanges Bullish and Gemini have submitted this year for IPOs, while Crypto Asset manager Grayscale recently submitted preliminary paperwork prior to a potential IPO.

Crypto goes to Wall Street

Rajiv Sawhney, head of International Portfolio Management at WAVE Digital Assets International, is of the opinion that the much more pro-Crypto Regulatory Environment in the US gives a reason to pursue public lists in 2025.

The analyst pointed out that many of the companies that were now looking for IPOs were originally financed between 2016 and 2018, but were confronted with limited exit opportunities during the term of office of former Securities and Exchange Commission (SEC) Chairman Gary Genler, when numerous TopCrypto companies were packed in regulatory lawslates.

“Now, under the new Trump administration, these OG companies that are generally profitable and found the product market fit-search for public markets to feed their next phase of growth and ultimately to leave early investors,” Sawhney said.