Cryptocurrency platform Kraken aims for a $15 billion public debut, according to recent reports.
In a move to increase transparency and bolster its position in the crypto industry, Kraken, one of the leading US-based crypto exchanges, has disclosed its financial highlights for 2024 and is planning an initial public offering (IPO) in the first quarter of 2026. The company aims to raise $500 million at a valuation of $15 billion, representing a substantial increase from its previous valuation of $11 billion in 2022.
The announcement comes following the election of Donald Trump, who vowed to support the digital assets industry. Kraken's co-CEO, Arjun Sethi, who joined the company in October 2024, is leading the company's efforts to build momentum for the IPO. The favorable regulatory environment in 2025 and rising investor interest in crypto infrastructure are also factors supporting Kraken's IPO ambitions.
Kraken reported $1.5 billion in revenue for 2024, marking a 19% year-over-year revenue increase in Q1 2025. The company has been growing its platform, with strategic moves such as acquiring NinjaTrader and launching a U.S. derivatives platform. Kraken also secured a Markets in Crypto-Assets (MiCA) license in June 2025, allowing full operations across the EU, supporting its growth and regulatory compliance ahead of the IPO.
The exchange, which currently boasts roughly $1.37 billion in daily trading volume and over 1,100 trading pairs, plans to continue prioritizing transparency going forward. Kraken has already started to publicly release its financial figures, taking into account the interests of the company's stakeholders in moving forward to a potential IPO.
Meanwhile, in other crypto news, Ancient Bitcoin (BTC) is showing signs of activity, potentially indicating sell-side pressure, according to a crypto analytics firm.
This article is categorized under Bitcoin, Ethereum, Trading, Altcoins, Futuremash, Financeflux, Blockchain, Regulators, Scams, HodlX, and Press Releases. It also includes features such as News, Bitcoin, Ethereum, Altcoins, Financeflux, Trading, NFTs, Blockchain, Futuremash, Regulators, Scams, Hacks & Breaches, Latest Stories, FAQ, and Submit Guest Post.
As the crypto market continues to evolve, keep an eye on The Daily Hodl for the latest news and updates.
[1] Kraken Discloses 2024 Financial Highlights [2] Kraken Plans IPO for Early 2026 [3] Kraken Aims for $15 Billion Valuation in IPO [4] Kraken's Revenue Hits $1.5 Billion in 2024 [5] Kraken Secures MiCA License, Expands Operations in EU
Sources: - The Daily Hodl (Copyrighted from 2017-2025) - Industry Announcements - Latest, Press Releases - Chainwire - Sponsored Posts - Submit Your Content
Report: US Lawmakers Issue Subpoenas to JPMorgan Chase CEO and Bank of America Boss Over Tesla Supplier's IPO (July 26, 2025)
News: A Bank Insider Accused of Draining $195,000 from Various Entities (July 26, 2025)
Ancient Bitcoin (BTC) Shows Signs of Activity, Indicating Sell-side Pressure (July 26, 2025)
- Kraken's co-CEO, Arjun Sethi, is leading the company's efforts to build momentum for a planned Initial Public Offering (IPO) in Q1 2026, with the exchange aiming for a $15 billion valuation.
- Kraken is prioritizing transparency as it expands its business, having disclosed its 2024 financial highlights and securing a Markets in Crypto-Assets (MiCA) license, allowing full operations across the EU.
- Apart from Kraken, there's news about Ancient Bitcoin (BTC) showing signs of activity, potentially indicating sell-side pressure, as reported by a crypto analytics firm.
