Kraken is preparing for its public debut with a new pre-IPO funding round that could value the crypto exchange at $20 billion.
According to Bloomberg, the company is in talks to raise $200-$300 million from a strategic investor.
This news comes shortly after reports of a $500 million raise at a $15 billion valuation, highlighting the company’s rapid growth trajectory.
Kraken is working with advisors Morgan Stanley and Goldman Sachs for an IPO planned in early 2026.
