The raise was led by Tribe Capital, joined by several funds and private investors. Co‑CEO Arjun Sethi also personally backed the round, underscoring his commitment to the company’s future.
Kraken’s latest valuation is a step up from 2022, when it was pegged at $11 billion. Reports had hinted for months that a new raise was underway. Bloomberg even suggested the firm could bring in as much as $1 billion through debt.
NEW: Kraken 🦑 has raised $500 million at a $15 billion valuation as it prepares for a 2026 IPO, marking its largest funding round to date. 🤯
The raise, led internally with backing from investors including co‑CEO Arjun Sethi’s Tribe Capital, comes as the crypto exchange ramps… pic.twitter.com/BYqstn1eGz
— Bitcoin News (@BitcoinNewsCom) September 27, 2025
The exchange has been on solid footing financially. In 2024 it generated $1.5 billion in revenue. The first quarter of 2025 alone brought in $472 million. With daily trading volumes of $1.37 billion, Kraken is the second‑largest exchange in the U.S., behind only Coinbase.
Kraken Continues Growth Expansion
Growth has not been limited to crypto trading. Kraken recently added tokenized stocks, giving users access to assets outside of digital coins. It also bought futures platform NinjaTrader in a $1.5 billion deal and now plans to take the service to the U.K., Europe, and Australia.
Expansion into Europe has been another focus. Earlier this year, Kraken acquired a Cyprus‑based company to secure a MiFID licence. The approval lets the exchange roll out derivatives across the EU. It has already launched perpetual products under the license.
With funding secured, new licences in hand, and revenue climbing, Kraken is signaling that it wants a bigger stage. If plans hold, that stage could be the public market by 2026.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high‑risk investments, so please do your due diligence.
The post Kraken Secures $500M Funding, IPO Planned 2026 appeared first on Altcoin Buzz.