Kraken is expected to raise half a billion dollars in funding to an evaluation of $ 15 billion while the American Crypto Exchange is watching a potential public offer.
Information on Tuesday reported the financing plan of $ 500 million, quoting people familiar with the issue, adding that Kraken was estimated lastly at around $ 11 billion in 2022.
Bloomberg reported in March that Kraken was targeting the public debut in the first quarter of 2026, citing a more friendly regulatory environment under the Trump administration.
The company could look for a windfall in the middle of a recent boom in the first public offers, which has so far reported a lot of money for trading platforms such as Etoro and Crypto Stablecoin Issueer Circle Internet Group.
Kraken currently has around $ 1.37 billion in volume of daily negotiations and lists more than 1,100 trading pairs, according to Coingecko. It has about half the volume of its main rival based in the United States, Coinbase, which has $ 2.77 billion and 448 commercial pairs.
Kraken did not immediately respond to the request for comments from Cointelegraph.
The actions of crypto companies see big gains
Crypto companies have experienced major gains this year while Bitcoin (BTC) has continued to reach new heights and investors are looking to expose themselves to the sector.
Circle, USDC transmitter (USDC), completed a public offering of $ 1 billion in early June and started negotiating on the New York Stock Exchange for $ 31. He has since won 484%, closing the exchanges on Tuesday at more than $ 181.
The negotiation platform ETORO (ETOR), which offers equity and crypto exchanges, made its debut on the NASDAQ in May to $ 52 and increased by more than 16.5% from the last fence to $ 60.71.
Meanwhile, Coinbase (corner), which has become a public in 2021, has jumped 50% since the start of the year. The Robinhood Markets (HOOD) action trading platform, which also offers crypto trading, has won 162% so far in 2025.
More IPOs on the regulatory green light
Kraken is the last Crypto company to have envisaged a public list following a wave of cryptographic user-friendly regulations and rejection of regulatory proceedings against cryptographic companies in the United States.
The Securities and Exchange Commission abandoned its long -standing trial of violation of titles against Kraken in March, one of the many complaints against cryptographic companies that the regulator abandoned under President Donald Trump.
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The other companies that have become public or have reported plans to become public, let us quote the company Fintech Ripple, crypto exchange Gemini, digital assets and the infrastructure company of the Galaxy Digital, Graycale and Bulish data center, an exchange of crypto supported by Peter Thiel.
Kraken extending to Europe
In June, Kraken began a peer payment application called “Krak” which allows users to send Fiat and cryptocurrency, whatever the country’s borders.
The firm also announced that it could now extend its offers and through the European Union after obtaining a license as part of the markets in Crypto-Astets in June.
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