Kraken’s $500M Raise: Is an IPO Coming or Just Another Crypto Party?

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So, guess what? Kraken just raised a cool $500 million at a jaw-dropping $15 billion valuation. They’re either getting ready for an IPO or planning to buy a private island (not sure which, but both sound great). The world’s crypto party is getting a little more crowded, folks.

According to Fortune-because who doesn’t trust a good fortune-teller?-the funds came through this month, and it looks like Kraken is seriously prepping for a public debut. So, get ready to see those stocks in your portfolio that you pretend to understand.

We asked Kraken to confirm, but they’re playing hard to get and declined to comment. Guess they’re too busy making billions.

Fun fact: Back in July, CryptoMoon predicted that Kraken was out there hunting for $500 million at a $15 billion valuation-so yeah, they weren’t just sitting around waiting for their phone to ring. It was an *obvious* move. IPO or bust.

Despite not filing any regulatory paperwork (probably just missed the deadline or something), Kraken is still doing some grown-up things, like updating financial disclosures and pretending like they’re not already IPO-ready. You know, the usual. But they haven’t submitted that all-important S-1 form to the SEC-yet. Stay tuned, folks.

Founded in 2011 and officially launched in 2013, Kraken is one of the OGs in the crypto exchange world. With about $1.9 billion in trading volume every 24 hours, they’re comfortably lounging among the top 15 exchanges. Yeah, you’re probably not using them, but they’re still crushing it.

Crypto IPO Mania: Grab Your Popcorn

Kraken isn’t the only crypto company playing the IPO game. Everyone’s getting in on the action, and it’s like a crypto stock market fever dream.

Gemini, those Winklevoss twins who probably spend their days counting their billions, was oversubscribed by 20 TIMES on their Nasdaq debut. They raised $425 million and now have a $2.8 billion market cap. Just let that sink in. Meanwhile, Circle, the brainchild behind USDC (a.k.a. the crypto version of your grandma’s stable, no-nonsense investment), raised a cool billion, and their shares jumped 167% on opening day. Casual, right?

And let’s not forget about Figure Technology Solutions, who just showed up like, “Hey, let’s get 20% richer on opening day.” Seriously, their shares skyrocketed and now they’re valued at a whopping $8.4 billion. Oh, and BitGo? Yeah, they’ve already filed their S-1. Maybe they’ll invite Kraken to the party.

What’s fueling this madness, you ask? Well, the U.S. government is all about giving crypto some space to grow with new regulations and laws. It’s like a crypto-friendly rollercoaster, and we’re just holding on for dear life (but in a profitable way).

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2025-09-26 19:03