Coinbase Rival Kraken Looking To Go Public at $15,000,000,000 Valuation: Report

Kraken, the second-largest US-based crypto exchange by trading volume, is reportedly considering an initial public offering (IPO) next year. According to sources familiar with the matter, The Information reports that Kraken is looking to raise $500 million at a valuation of $15 billion.

This valuation marks a significant increase from when the Coinbase challenger was valued at $11 billion in 2022. The report suggests that this higher valuation may impact Kraken’s plans to go public, as it may need to attract more institutional investors to support a successful listing.

In March, Bloomberg reported that Kraken is planning a public debut in the first quarter of 2026. This decision comes as other crypto companies also consider going public following the election of Donald Trump, who has expressed support for the digital asset industry.

Kraken has already begun to release its financial figures publicly as it moves towards a potential IPO. The exchange stated that it is prioritizing transparency for its stakeholders and will pursue public markets when it aligns with the interests of its clients, partners, and shareholders.

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