Another Crypto Giant Eyes Wall Street with $15 Billion Valuation

Kraken Exchange is perhaps the next cryptography company to be published in public, after Tron and Jeremy Allaire by Jeremy Allaire recently.

The IPO continues to accelerate, with more cryptographic companies depending on the trend.

Crypto IPO MOMENTUM BUIILDS: Kraken positions as next big start

In November 2024, Ark Invest by Cathie Wood saw an introductory window for two companies related to the crypto under Trump, Circle and Kraken Exchange.

“Among the possibilities, there is … the reopening of the Initial Public Offer window (IPO) for digital asset companies at a late stage like Circle and Kraken …”, read a paragraph in the newsletter.

Quick advance nine months, Circle has already become public, and now the IPO of Kraken is underway. The reports indicate that the exchange of crypto based in the United States is looking for $ 500 million Financing at an evaluation of $ 15 billion for its IPOs on the stock market.

Beincrypto saw him coming. A cryptic video on May 17 increased speculation after revealing the krak symbol in the legend “Krak the worldWithout providing a context.

This position suggested that the exchange envisaged either a possible public list, the launch of a native token, or both.

Beyond speculation, Bloomberg alluded to a Kraken stock exchange in early 2026, citing a more user-friendly regulatory environment under President Trump. This followed the administration of former American president Joe Biden, alongside the mandate of Gary Gensler, stifling ambitions of Introduction on the stock market for several cryptographic companies, including Kraken and Gemini.

However, under President Trump, Regulatory actions against Gemini and Kraken, among other cryptographic companies, have dropped. This has set the tone for public lists, with more industry companies by now seeing an opportunity to enter public markets.

In addition, the FBI recently put an end to his Repression against the founder of Kraken Jesse Powell.

Kraken’s financial protruding facts for 2024 revealed that revenues reaching $ 1.5 billion and adjusted profits of $ 380 million. The company has also shown $ 472 million in income from the first quarter of 2025, up 19% in annual shift and a 29% leap in negotiation volume.

Although the exchange of crypto based in the United States has made no official deposit, it has already laid bases. These include reducing staff, rationalizing operations and developing in the trade of actions and derivatives.

Elsewhere, the Société de de la lair of Crypto Bitgo recently requested an IPO, although confidentially, after the beginnings and deposits of Circle de Bulsh and Grayscale.

The IPO of Circle underlined the wealth generated by investments in the start -up phase and its exclusivity to institutional investors. His Introduction Environment momentum could help him challenge Tether’s domination in the Stablescoin market.

Likewise, Kraken’s potential IPO could increase its ranks on the American Stablescoin market against peers like Coinbase and Binance.us.

The post another crypto Wall Street giant with an evaluation of $ 15 billion appeared first on Beincrypto.