Kraken Completes $500 Million Funding, Valuing $15 Billion

According to ChainCatcher, the renowned cryptocurrency exchange Kraken successfully completed a $500 million funding round this month, boosting its valuation to $15 billion.

Notably, this round did not have a lead investor;

the terms were set independently by Kraken, demonstrating the company's dominant position in capital operations. Participating investors included Tribe Capital and the personal investment of its co-CEO, Arjun Sethi. Kraken has been actively expanding its business this year, most notably acquiring the trading platform NinjaTrader for approximately $1.5 billion.

This acquisition added approximately 2 million new users to Kraken, significantly strengthening its user base and market reach. This financing is also seen as a key step in Kraken's IPO plans.

The company has confirmed its intention to launch an initial public offering (IPO) with a target date of 2026. Kraken has long been renowned for its service to professional and institutional clients.

Recently, the company has continued to drive product innovation and business integration, launching new product lines like xStocks. Kraken is committed to breaking down the barriers between traditional financial assets and crypto assets, further promoting the interaction and integration of the two asset classes.

This strategic direction not only solidifies Kraken's leading position in the crypto industry but also lays a solid foundation for its future performance in public markets.