Crypto News: Kraken Seeks $500M Funding at $15B Valuation Before 2026 IPO
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Crypto News: Kraken is reportedly raising $500 million in new funding at a $15 billion valuation as the crypto exchange prepares for a potential initial public offering in 2026. The funding round represents a significant increase from Kraken's 2022 valuation of approximately $11 billion. Kraken currently processes $1.37 billion in daily trading volume across more than 1,100 trading pairs. The exchange secured a MiCA license in Ireland, enabling expansion across the European Union market. The SEC dropped its securities violation lawsuit against Kraken in March under the Trump administration's crypto-friendly regulatory approach. Kraken joins a growing list of crypto firms eyeing public listings, including Ripple, Gemini, and Galaxy Digital, amid favorable regulatory conditions.
