# Kraken Reportedly Raising $500M Ahead of IPO

*Author: Bankless*
*Published: Jul 30, 2025*
*Source: https://www.bankless.com/read/kraken-reportedly-raising-500m-ahead-of-ipo*

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Kraken is reportedly looking to raise $500 million at a $15 billion valuation as it gears up for a potential IPO in 2026, according to [*The Information*](https://www.theinformation.com/articles/krakens-15-billion-price-tag-dylan-fields-unusual-power). The raise would help the U.S.-based exchange establish a valuation floor for public investors and maintain momentum following its cleared legal battles with the SEC.

### What’s the Scoop?
- **Fundraising target:** Kraken is aiming to close a $500M private funding round to support its targeted $15B valuation in advance of a public offering. The company is reportedly preparing to go public as early as Q1 2026.
- **Regulatory reset:** This move comes months after the SEC dropped its lawsuit against Kraken, removing another major obstacle to its IPO ambitions.
- **Recent performance:** Kraken posted $472M in revenue in Q1 2025, up 19% YoY, and sees $1.25–1.37B in daily trading volume, making it the second-largest U.S. exchange after Coinbase.