The cryptocurrency exchange Kraken is preparing for a new funding round and is in the final stages of negotiations with investors. The company is considering raising between $200 million and $300 million, which could elevate its market valuation to $20 billion.
This is reported by Business • Media
Growing Investor Interest and Preparation for IPO
The previous funding round for Kraken took place at a valuation of $15 billion, during which the company raised $500 million. The new round demonstrates increased interest in key players in the cryptocurrency market, which is noted against the backdrop of improved regulatory conditions in the U.S. and rising institutional demand for digital assets.
Additionally, Bloomberg reported that the exchange is actively preparing for a potential initial public offering (IPO). In particular, Kraken has already engaged investment banks Morgan Stanley and Goldman Sachs as underwriters. The listing could take place in 2026.
Plans for Going Public
According to information previously disclosed by journalists, Kraken is considering the possibility of conducting an IPO as early as the first quarter of 2026. To prepare for the listing, the company is collaborating with leading investment banks, and the active efforts to attract investors indicate a strategic direction for further development and expansion in the global market.