Kraken Eyes $ 15B IPO among global expansion and crypto market transition


The American Cryptocurrency exchange The collar Sees a possible initial public offer (IPO) and is looking for $ 500,000 at a $ 15 billion valuation. In 2022, the company was valued at more than $ 11 billion.

Thanks to the previously announced legislative changes, the Kraken is reportedly planning a first public offer (IPO) as soon as the first quarter of 2026, according to Bloomberg.

Compared to Coin baseWhich lists 448 pairs and processes $ 2.77 billion in the daily volume, the Kraken is about half of the size, with daily trading volumes of about $ 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 he went public in June with an offer of $ 1 billion, Circle (USDC issuer) has had a 484% nail in its price and amounts to over $ 181.
  • With an increase of 16.5% 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, the Kraken is part of a larger trend of crypto infrastructure companies that plan to publish. In addition, there are others like Galaxy Digital, Bitgo, Gemini and Grayscale.

In addition to buying ninjatrades for $ 1.5 billion, which expands to Latin American countries including Mexico and Argentina and introduced the Krak app for cross-border payments, the Kraken has increased its worldwide growth efforts. The company has also secured important licenses throughout Europe under Mica, MiFid and EMI frames.

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