Crypto Exchange Giant Kraken Wraps Up $500 Million Funding Round — TradingView News
According to a recent report by Fortune, cryptocurrency exchange Kraken has closed a massive $500 million funding round at a staggering $15 billion valuation.
To put this massive raise into perspective, it is worth noting that the exchange raised only $27 million in venture capital funding during its first decade.
IPO plans
Kraken has been considering going public for roughly five years. Then-CEO Jesse Powell first divulged the company’s IPO plans in 2021 during a major bull run.
However, Kraken’s plans to go public were likely postponed due to the cryptocurrency winter that came in 2022.
In March, Bloomberg reported that Kraken was planning to go public in 2026. This was followed by the company’s acquisition of futures trading…
