Loading Ratings...
Cryptocurrency exchange Kraken is reportedly in talks to raise $500 million in a new funding round, aiming for a valuation of $15 billion.
Author: Sahil Thakur
Written On: Wed, 30 Jul 2025 07:08:36 GMT
Cryptocurrency exchange Kraken is reportedly in talks to raise $500 million in a new funding round, aiming for a valuation of $15 billion. The move reflects growing institutional interest in digital assets, fueled by increasing regulatory clarity in the United States.
The news was first reported by The Information and later confirmed by Reuters, citing people familiar with the matter. Kraken declined to comment on the report.
The reported raise comes months after a U.S. court dismissed a Securities and Exchange Commission (SEC) lawsuit against Kraken earlier this year. The dismissal eased legal pressures and helped reposition the exchange for growth.
Institutional appetite for crypto has expanded in 2025, following major legislative developments. The recently enacted GENIUS Act introduced new rules for stablecoin issuers, requiring reserve standards comparable to those used in traditional finance.
Meanwhile, the House passed the CLARITY Act during the July “Crypto Week.” The bill proposes shifting regulatory authority over most cryptocurrencies from the SEC to the Commodity Futures Trading Commission (CFTC), a change welcomed by industry participants for its potential to streamline compliance.
These developments mark a clear break from the regulatory uncertainty that plagued the crypto sector in previous years. Analysts see them as catalysts for renewed venture capital activity in digital assets.
If completed, Kraken’s raise would place it among several high-profile crypto firms pursuing late-stage capital in 2025. Custody platform BitGo and digital asset manager Grayscale are also seeking funds as they consider public listings.
Kraken has been investing heavily in platform upgrades, product diversification, and global expansion to solidify its competitive position ahead of a possible IPO.
Founded in 2011, Kraken has evolved into one of the leading crypto exchanges globally. In March, the company acquired futures trading platform NinjaTrader for $1.5 billion to bolster its derivatives offering. In June, it launched the Krak App, enabling users in over 110 countries to transact in more than 300 fiat and digital assets.
The company has also secured key regulatory licenses in Europe and the U.K., including MiCA, MiFID, and EMI approvals. It recently entered Latin American markets by supporting local currencies in Argentina and Mexico.
On the infrastructure side, Kraken introduced an ultra-low latency colocation service and new products such as tokenized stocks and Bitcoin staking through Babylon. These offerings are aimed at institutional traders and high-frequency participants.
| Year | Funding Amount | Implied Valuation | Notes |
|---|---|---|---|
| March 2014 | $5M (Series A) | ~ $5B | Led by Hummingbird Ventures and Bitcoin Opportunity Fund |
| February 2019 | $100M (Private Offering) | ~ $4B | Raised from top clients; valuation slightly lower than Series A |
| Mid 2019 | $13.5M (SPV) | — | Over 2,200 accredited investors contributed |
| 2021 | Undisclosed | > $20B (target) | New VC funding; Tribe Capital and Arjun Sethi involvement |
| April 2022 | — | ~ $11B | PitchBook estimate |
| July 2025 (planned) | $500M | ~ $15B | Pre-IPO funding round; IPO planned for Q1 2026 |
Kraken’s financial performance has been a highlight for potential investors. In 2024, it reported $1.5 billion in revenue, a 128% increase from the previous year. Its adjusted EBITDA reached $424 million.
The exchange handled more than 2.5 billion trades during the year, maintaining 99.9% uptime and sub-two millisecond latency. Daily trading volumes frequently exceeded $1 billion across over 450 cryptocurrencies and several fiat trading pairs.
While Kraken has not confirmed the fundraising effort, the timing aligns with broader market conditions. With legislation favoring clearer crypto regulation and competitors also preparing for public markets, the company appears poised for its next growth phase.
Should the $500 million raise go through, Kraken would be well-positioned to compete on a global scale and possibly pursue a U.S. listing—something the company has previously hinted at but never formally announced.
Real voices. Real reactions.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
