Crypto exchange Kraken is reportedly seeking half a billion dollars in funding as crypto exchanges capitalize on regulatory tailwinds, The Information reports.
Kraken is reportedly set to raise half a billion dollars in funding at a valuation of $15 billion as the American crypto exchange eyes a potential public offering.
The Information reported the $500 million funding plan on Tuesday, citing people familiar with the matter, adding that Kraken was last valued at about $11 billion in 2022.
Bloomberg reported in March that Kraken was targeting a public debut as early as the first quarter of 2026, citing a more friendly regulatory environment under the Trump administration.
