Kraken Aims for $500 Million Funding Round at $15 Billion Valuation

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Cryptocurrency exchange Kraken is reportedly looking to raise $500 million in a funding round that would value the company at $15 billion, according to a Tuesday report from The Information.

The move signals a resurgence of investor interest in major crypto platforms amid favorable market conditions.

The potential fundraising effort follows a wave of renewed activity in crypto capital markets, driven by clearer US regulatory signals and increasing institutional adoption under the Trump administration’s pro-crypto policies.

Recent weeks have seen major industry players like asset manager Grayscale and crypto custodian BitGo confidentially file for US IPOs, potentially expanding the public market landscape for exchanges and infrastructure providers.

Bullish, an exchange backed by Peter Thiel, also submitted IPO paperwork in June, shortly after Circle’s high-profile debut on the NYSE.