26-9-2025 – Cryptocurrency exchange Kraken has raised $500 million in a funding round, achieving a $15 billion valuation, as it prepares for a planned initial public offering (IPO) in early 2026, according to Fortune. The funding round, structured without a lead investor, included participation from Tribe Capital and Kraken’s co-CEO Arjun Sethi, among others.
This capital infusion follows Kraken’s $1.5 billion acquisition of futures platform NinjaTrader earlier this year, which added two million users to its customer base. The exchange, known for serving professional and institutional clients, has also introduced products like xStocks, tokenized versions of U.S. equities, to bridge traditional finance and crypto markets. Kraken reported $1.5 billion in revenue for 2024, reflecting strong growth amid a favorable regulatory environment.
The financing positions Kraken to expand its derivatives offerings and global footprint, capitalizing on a wave of crypto-friendly policies in the U.S. and its recent EU MiCA licensing. The exchange’s $1.37 billion daily trading volume, while trailing rival Coinbase, underscores its robust market presence.
