Kraken plans to raise $500 million, IPO in 2026

The cryptocurrency exchange #Kraken is reportedly planning to raise $500 million in a new funding round, with a valuation of up to $15 billion. This move comes as Kraken aims to execute an initial public offering (IPO) in early 2026.

Favorable market and regulatory context

According to sources, Kraken's fundraising and #IPO is part of a broader trend as many major crypto companies are seeking to go public. In recent months, other major players like Circle, eToro, BitGo, Bullish, and Gemini have also made similar moves, taking advantage of the increasingly favorable regulatory environment in the U.S.

This shift has been driven after the U.S. Securities and Exchange Commission (#SEC ) dismissed a lawsuit alleging that Kraken's staking services were selling unregistered securities. Experts believe that the "crypto-friendly" regulatory environment under the new administration has enabled established and profitable companies in the industry to seek capital from the public market, providing them with more resources for growth and allowing early investors to cash out.