Kraken completes $500 million in financing, with a valuation of $15 billion

PANews reported on September 26 that according to Fortune, cryptocurrency exchange Kraken has completed a $500 million financing this month, with a latest valuation of $15 billion. There is no leader in this financing, and Kraken sets terms on its own, including Tribe Capital and its co-CEO Arjun Sethi, etc.

Kraken acquired NinjaTrader for US$1.5 billion this year, with an increase of 2 million users. This financing prepares Kraken for IPO promotion and plans to make an IPO in 2026. Kraken mainly sells professional and institutional customers, and recently launched products such as xStocks to promote the integration of traditional finance and crypto assets.

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