The American cryptocurrency exchange Kraken is allegedly eyeing a possible initial public offering (IPO) and is seeking $500,000 at a valuation of $15 billion. In 2022, the corporation was valued at over $11 billion.
Thanks to the previously announced legislative changes, Kraken is reportedly planning an initial public offering (IPO) as soon as the first quarter of 2026, according to Bloomberg.
Compared to Coinbase, which lists 448 pairings and processes $2.77 billion in daily volume, Kraken is around half the size, with daily trading volumes of approximately $1.37 billion and more than 1,100 trading pairs.
There has been a dramatic change in the value of crypto assets and shares:
- Since going public in June with a $1 billion offering, Circle (USDC issuer) has had a 484% spike in its price, reaching over $181.
- With a 16.5% rise after launch, eToro made its Nasdaq debut in May.
- So far in 2025, Coinbase has increased by 50% and Robinhood Mobile by 162%.
According to the report, Kraken is part of a larger trend of crypto infrastructure companies who are planning to go public. Plus, there are others like Galaxy Digital, BitGo, Gemini, and Grayscale.
In addition to purchasing NinjaTrader for $1.5 billion, expanding into Latin American countries including Mexico and Argentina, and introducing the Krak App for cross-border payments, Kraken has sped up its worldwide growth efforts. The company has also secured important licenses throughout Europe under the MiCA, MiFID, and EMI frameworks.
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Source: https://thenewscrypto.com/kraken-eyes-15b-ipo-amid-global-expansion-and-crypto-market-surge/