Crypto Exchange Kraken is reportedly in talks with strategic investors to raise capital that drives its valuation to $20 billion over a potential initial public offering (IPO). This development lies in the IPO frenzy of US crypto companies under President Donald Trump’s rather cooperative administration.
Kraken continues to focus, following a $500 million salary increase with new funds
On Friday, Bloomberg reported that Kraken has launched sophisticated negotiations to raise its value to $20 billion as part of its fundraising effort, taking into account the planned IPO. Impressively, the move follows a recent $500 million salary increase, bringing Kraken to a $15 billion valuation.
Bloomberg first reported on Kraken’s IPO rating in March 2025, saying the exchange was targeting public lists in the first quarter of 2026. Beyond capital, the US-based trading platform shows other actions seen in IPO preparations, such as disclosure of financial statements.
Additionally, Kraken is also expanding its product line beyond digital asset trading, including access to stocks and funds traded on exchanges. Reported funding consultations are still underway. Kraken could reach a $20 billion target than 2026, as Bloomberg expects a commitment of between $20 billion and $300 million, according to sources familiar with the issue.
Media House also reports that Crypto Exchange is engaged in the advisory services of Morgan Stanley and Goldman Sachs Group Inc. regarding this planned IPO. Kraken is currently expected to file an S-1 registration statement with the U.S. Securities and Exchange Commission as expected from entities seeking public offerings.
Crypto IPO Frenzy continues
Kraken is on the list of growth for crypto/blockchain companies seeking public funding. In 2025 alone, four other companies, namely USDC issuer circles, blockchain lenders figures, and bullish and Gemini exchanges, have successfully launched IPOs, indicating a major step up to the wider investor interest in digital asset-centric companies.
This public market approach is widely supported by Trump’s custody policy. In particular, Republicans support their commitment to creating a friendly regulatory environment for digital asset management, as demonstrated by changes in strategy by regulators, including the SEC and CFTC.
The 47th US President has also commonly established federal Bitcoin Reserves, urging similar actions from state governments. From a regulatory standpoint, Trump also signed the act of genius to the law and created a regulatory framework for stable issuance, operation and use.
The press conference saw a total crypto market capitalization valued at $3.73 trillion, following the market crash seen last week. In particular, there has been a slight recovery of 1.11% over the past 24 hours.
Flickr featured images, TradingView charts
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