Reports suggest that Kraken, the second-largest US-based crypto exchange by trading volume, is considering an initial public offering (IPO) for next year. According to sources familiar with the matter, The Information reveals that Kraken aims to raise $500 million at a valuation of $15 billion.
This valuation marks a significant increase from when the Coinbase challenger was valued at $11 billion in 2022. The report indicates that this valuation could impact Kraken’s plans for going public.
In March, Bloomberg reported that Kraken is planning to debut publicly in the first quarter of 2026. This move comes as other crypto companies also consider going public following the election of Donald Trump, who has shown support for the digital assets industry.
Kraken has already started disclosing its financial figures publicly as it moves towards a potential IPO. The exchange emphasizes the importance of considering the interests of its stakeholders in this process.
“We recently shared highlights of our 2024 financials to enhance transparency about our business, building on our commitment to publish proof of reserves. We will continue to prioritize transparency as we move towards the public markets for the benefit of our clients, partners, and shareholders.”
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