Cryptocurrency exchange Kraken is reportedly preparing to raise $500 million at a $15 billion valuation, according to a report from The Information on Tuesday, citing sources close to the matter. A Kraken spokesperson declined to comment on the report.
This move highlights the increasing investor appetite for crypto-related companies, especially as the sector benefits from clearer regulations and rising institutional adoption.
Kraken, one of the largest global exchanges, has been accelerating its growth strategy in 2025. In March, it announced a $1.5 billion acquisition of NinjaTrader, a futures trading platform, as part of its push into new asset classes.
The broader trend has seen other crypto firms like BitGo and Grayscale move toward U.S. public listings, signaling a maturing market.
Kraken’s potential raise positions it as a key player in the next wave of crypto-finance innovation.