US EditionKraken Valued at $20 Billion After $200 Million Raise From Citadel Securities
- On Wednesday, Kraken confidentially filed with the U.S. Securities and Exchange Commission to pursue a U.S. IPO following an $800 million raise announced Tuesday that valued the crypto exchange at $20 billion and included $200 million from Citadel Securities.
- Kraken, founded in 2011, is positioning itself for public markets but has not set the number of shares or price range, and a Kraken spokesperson declined to comment on timing.
- More than 450 tradable digital assets are available on Kraken, and clients can also trade tokenized equities in the European Union, highlighting its product diversity.
- The move would join a renewed wave of crypto-linked IPOs in the U.S. this year, as recent public-market successes include Circle raising just north of $1 billion in June.
- Amid crypto-friendly policy moves from the Trump administration, firms have renewed IPO interest, with analysts expecting many to go public before the midterm elections next year.
31 Articles
31 Articles
Kraken Confidentially Files for US IPO: A Milestone for Crypto Exchange Maturation
In a move signaling increasing maturity and integration between the burgeoning cryptocurrency sector and traditional financial markets, leading digital asset exchange Kraken has confidentially filed for a U.S. Initial Public Offering (IPO). This strategic decision, disclosed today, November 20, 2025, positions Kraken as one of the few major crypto platforms to embark on the demanding journey of becoming a publicly traded entity, a development ke…
BREAKING: Kraken Exchange Files For US IPO
Key Insights Kraken Exchange files to go public via IPO with the SEC, details on shares and price pending. The company raised $800 million, valuing Kraken at $20 billion, with strategic investment from Citadel Securities. The acquisition of Small Exchange supports U.S. derivatives trading as Kraken expands operations globally. Leading crypto Exchange Kraken has filed confidentially for an initial public offering with the U.S. Securities and Exc…
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