Kraken Prepares to Appear on Wall Street with $15 Billion Valuation

Jakarta, Pintu News – The global crypto market continues to grow with Kraken’s plans to go public, following in the footsteps of other major crypto companies such as Tron and Circle. With a valuation of $15 billion, Kraken shows great potential in an industry that continues to innovate and evolve.

Check out the full information below!

IPO Momentum in the Crypto Industry: Kraken Ready to Hit the Ground Running

In November 2024, Ark Invest led by Cathie Wood identified IPO windows for two crypto-related companies under President Trump’s leadership, namely Circle and Kraken.

Nine months later, Circle has officially listed on an exchange, and now it’s Kraken’s turn to prepare. Recent reports suggest that the US-based crypto exchange is seeking $500 million in funding at a valuation of $15 billion to prepare for their IPO.

Speculation regarding Kraken’s IPO began to strengthen after BeInCrypto released a mysterious video on May 17 featuring the KRAK symbol with the caption “KRAK the World”. The video fueled speculation that Kraken may be considering listing on an exchange, launching a native token, or both.

Also read: 4 Altcoins that Crypto Whale Bought Ahead of July FOMC Rate Announcement

Regulatory Changes and IPO Preparation

Bloomberg signaled that Kraken’s IPO might happen as early as 2026, with a friendlier regulatory environment under President Trump.

This is in contrast to the previous administration of President Joe Biden, where many crypto companies including Kraken and Gemini experienced obstacles in their IPO efforts due to strict regulations.

However, with the end of Gary Gensler’s term and a change in policy under Trump, regulatory action against crypto companies like Gemini and Kraken decreased, providing more opportunities for these companies to list on exchanges.

The FBI has also ended its investigation into Kraken founder Jesse Powell, which adds to the positive momentum for the company.

Also read: 3 Crypto that can surpass the rise of Ethereum (ETH), potentially up 15,000%!

Financial Performance and Business Expansion

Kraken recorded revenue of $1.5 billion in 2024 with a net profit of $380 million. In the first quarter of 2025, their revenue rose to $472 million, a 19% YoY increase, with trading volumes rising by 29%.

This increase shows solid growth and great potential in the crypto industry. As part of the IPO preparation, Kraken has made several strategic moves including staff reduction, streamlining operations, and expansion into stock and derivatives trading.

These moves are expected to strengthen Kraken’s position in the market and increase their competitiveness against competitors such as Coinbase and Binance.US.

Conclusion

With all the preparations and conditions in place, Kraken’s IPO is expected to not only increase their capacity in the US stablecoin market, but also bring more institutional investors into the crypto ecosystem. This is a big step for Kraken and could be a pivotal moment in the company’s history.

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Reference

• BeInCrypto. Kraken IPO Could Value Exchange at $15 Billion. Accessed on July 30, 2025
• Featured image: The Block