The Information recently reported that Crypto Exchange Kraken is trying to raise $500 million in funding which it is raising at a $15 billion valuation. This American crypto exchange Kraken is already focusing on a public offering.
Last Tuesday, The Information reported that Kraken was last valued at around $11 billion in 2022.
In a report by Bloomberg last March, it was stated that Kraken has set a target to enter the capital market in early 2026 due to a favorable and secure environment under the Trump administration.
IPO Launching
Kraken is currently considering launching an IPO (Initial Public Offering). Not only that, they have already taken a step forward for this. Some trading platforms have already accepted this opportunity.
According to CoinGecko, Kraken currently operates a daily trading volume of $1.37 billion and more than 1,100 trading pairs. This is half the volume of Coinbase, one of the top U.S.-based competitor platforms.
Rise in Crypto Platforms’ Stock Prices
Crypto platforms have seen good profits this year. Because Bitcoin has reached a new high and investors have entered the market to take advantage of this opportunity.
USDC issuer Circle completed a $1 billion public offering at the beginning of last June and started trading at $31 on the New York Stock Exchange. Immediately afterward, its price rose 484% and traded above $181 last Tuesday. This is a very positive sign for crypto platforms.
Many of you may have heard of the stock and crypto trading platform eToro (ETOR). It debuted on Nasdaq last May at $52 and since then its value has increased by 16.5%, recently reaching $60.71.
Additionally, Coinbase was listed on the capital market in 2021 and has increased by 50% from the beginning of 2025 to now. On the other hand, Robinhood Markets gained 162%. So, it’s clear that crypto platforms have become even more valuable now.
Green Signal for Kraken
After favorable U.S. crypto policies and the resolution of various lawsuits, Kraken is currently preparing to be listed on the stock market.
The Securities and Exchange Commission (SEC) dropped the long-term securities violation case against Kraken last March. Right after that, Kraken began its efforts to get listed in the capital market.
Among the companies that have already entered the capital market or announced plans to do so are crypto exchange Gemini, fintech firm Ripple, Grayscale Digital Asset, data center firm Galaxy Digital, and the Peter Thiel-backed exchange Bullish.
Kraken’s Impact in Europe
Last June, Kraken launched a peer-to-peer payment system app named “Krak,” which allows users to send fiat and cryptocurrency without domestic restrictions.
The company announced that it expanded these services into the European Union market after acquiring a license under the Markets in Crypto-Assets (MiCA) framework last June.
Conclusion
Kraken is moving forward by overcoming many policy and legal barriers in the United States. Not only that, they have achieved significant success in a very short time. The more positive the crypto market becomes, the more these crypto platforms will move forward which we have already observed.
