Kraken confidentially files for IPO following $800 million raise
Kraken, one of the world’s largest crypto exchanges, has confidentially filed to go public in the U.S., according to a person familiar with the matter. The news comes as a slew of crypto companies have made moves to tap into the public market, following President Donald Trump’s return to the White House.
In recent months, crypto trading platforms like Bullish and Gemini Space Station have listed their shares on major stock exchanges, while stablecoin issuer Circle raised over $1 billion in its IPO. This surge in crypto-linked listings mirrors the broader trend of IPOs seeing a resurgence in the U.S. this year.
Founded in 2011, Kraken is a U.S.-based platform that facilitates the trading of digital assets such as bitcoin and ether. Additionally, it offers tokenized equities trading to clients in the European Union. The company recently raised $800 million at a $20 billion valuation, with $200 million coming from Citadel Securities.
Kraken plans to use the funds to expand its presence in foreign markets and enhance its payment services. As the crypto industry continues to gain momentum, Kraken’s move to go public signals a significant development in the world of digital assets. Stay tuned for more updates on Kraken’s IPO plans.
