Kraken, report: raising around $500M at a valuation of approximately $15B — USA IPO closer

**Kraken Cryptocurrency Exchange Secures $500M Funding Round, Reaches $15B Valuation Ahead of Potential IPO**

Leading cryptocurrency exchange Kraken has reportedly raised $500 million in a major funding round, achieving a remarkable $15 billion valuation as the digital asset platform positions itself for a potential U.S. IPO. The San Francisco-based Bitcoin and cryptocurrency trading platform, operational since 2013, declined to officially comment on the funding news first reported by Reuters.

With daily trading volumes of approximately $1.9 billion, Kraken maintains its position as a top-tier cryptocurrency exchange in the competitive digital asset marketplace. Market analysts suggest this substantial funding round aims to strengthen regulatory compliance infrastructure and enhance corporate governance ahead of a possible S-1 filing for public listing.

The significant capital injection comes as institutional adoption of Bitcoin, Ethereum, and DeFi protocols continues accelerating. Kraken's blockchain-focused platform serves millions of cryptocurrency traders globally, offering spot trading, derivatives, and digital asset custody services. This funding milestone reflects growing investor confidence in established cryptocurrency exchanges as the digital asset sector matures and regulatory frameworks evolve, potentially positioning Kraken for a landmark public offering.