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Kraken achieves $ 500 million: a look at the crypto revolution!
Kraken secures $ 500 million with an evaluation of USD 15 billion and plans IPO for 2026, while it is expanding into crypto assets.
Kraken achieves $ 500 million: a look at the crypto revolution!
Kraken successfully collected $ 500 million in a financing round, which the company shows with an assessment of $ 15 billion. This significant financing was largely supported by Tribe Capital, such as crypto.news. In the first half of 2025, the exchange recorded sales growth of almost 100 % compared to the previous year. This confirms the continuing strength of octopuses in the digital financial market.
The plans for an IPO (IPO) were postponed to 2026, while octopuses are also expanding into tokenized assets. According to a report by Fortune, published on September 25th, the financing round was completed without a single main investor, whereby Kraken himself defined the conditions. The participants of the round included various investment managers and risk capital providers.
Growth and expansion
Kraken was founded in 2011 and has since collected a total of over 527 million USD in financing, starting with an initial investment of $ 27 million. In the second quarter of this year, the company reported on sales of $ 411 million and post-Ebitda profits of almost $ 80 million. These numbers make octopuses as one of the most valuable private stock exchanges, directly behind Coinbase.
In order to promote its growth, octopus also made significant takeovers, including the purchase of NinjaTrader for $ 1.5 billion, which brought the company two million new customers. In addition, Kraken introduced innovative products such as tokenized shares, also known as "Xstocks" to beat a bridge between the crypto world and traditional financial markets.
Leadership and challenges
After the resignation of co -founder Jesse Powell as CEO in 2022, Arjun Sethi from Tribe Capital played a decisive role in corporate management. He emphasizes the importance of establishing octopuses as the center for tokenized assets and institutional trade. Sethi also took measures to enter the retail market and expand the offer for institutional customers, including the introduction of advanced APIs and derivatives.
However, the comprehensive change within the company has not remained without challenges. There were concerns about morality and management style, which caused uncertainty among employees. This internal restructuring falls during a time when crypto-IPO has been revived, with companies such as Circle, Gemini and Bullish already going to the stock exchange this year.
View into the future
Kraken's decision to postpone the IPO plans by 2026 raises questions. Analysts warn that the market cycle could change, which could affect investors' interest in crypto shares. Despite these uncertainties, analysts find that octopuses are in a stronger position than many of his competitors due to his established reputation and diversified sources of income to survive the upcoming challenges of volatility.
Developments in octopuses are a clear indicator of the potential and dynamics of the cryptocurrency market in the coming years. The strategic decisions that are now made could significantly influence the course of the industry.