The cryptocurrency exchange Kraken is in the final stages of negotiations for a new funding round, during which the company could raise between $200 million and $300 million. Following the investment, Kraken’s valuation could reach $20 billion.
This is reported by Finway
Growing Investment Interest in Kraken
The previous funding round for Kraken took place at a valuation of $15 billion, when the company raised $500 million. The latest round is indicative of the growing interest from investors in leading players in the cryptocurrency market. This comes against the backdrop of an improving regulatory environment in the United States and increased demand from institutional investors.
“The cryptocurrency exchange Kraken is in the final stages of negotiations for a new funding round.”
Preparing for IPO and Future Plans
According to sources, Kraken has already begun preparations for a potential initial public offering (IPO). Specifically, investment banks Morgan Stanley and Goldman Sachs are involved in the process as underwriters. The listing is expected to take place as early as 2026.
In March, it was reported that Kraken plans to conduct its IPO in the first quarter of 2026. The active preparation for the public offering indicates the company’s ambitious plans for further development and expansion in the global cryptocurrency services market.