Kraken Secures $500M Funding, Eyes 2026 IPO at $15B Valuation
Kraken, a leading crypto exchange, has raised $500 million in new funding. The company is now valued at $15 billion. This funding round includes backing from Tribe Capital and CEO Arjun Sethi.
Kraken’s revenue grew significantly in the first half of 2025, almost doubling its 2024 figures. the company reported $411 million in revenue and nearly $80 million in post-EBITDA earnings in Q2. This strong financial performance attracted investors.
The funding comes as Kraken prepares for an IPO in 2026.The company has been expanding its offerings, including tokenized stocks called “xStocks.” These products aim too connect crypto with conventional markets.
Since Jesse powell left as CEO in 2022, Arjun Sethi has led Kraken. Sethi has focused on establishing Kraken as a hub for tokenized assets and institutional trading. However, this shift has led to some internal changes and concerns about management.
Kraken’s funding comes at a time when other crypto companies are going public.Circle, Gemini, and Bullish have already listed this year. Analysts believe Kraken’s strong reputation and diverse revenue streams will help it navigate market volatility.
With this new funding, Kraken is well-prepared for its next phase of growth. Investors remain confident in the company’s future.
