Crypto exchange Kraken has raised $500 million at a $15 billion valuation, attracting top-tier investors — Apollo Global Management, Oppenheimer, Jane Street, HSG (formerly Sequoia Capital China), and Qube Research & Technologies.
The round, also backed by Tribe Capital and Co-CEO Arjun Sethi, marks a major return of institutional capital to the crypto sector, bolstered by pro-crypto U.S. policies under President Trump.
Kraken plans to file for IPO by year-end and go public in early 2026, following a string of strategic acquisitions — including NinjaTrader ($1.5B) and Small Exchange ($100M) — as it builds a U.S.-based derivatives platform.
With Bitcoin up 20% YTD and institutional confidence surging, Kraken’s latest round signals a maturing digital asset market entering a new phase of mainstream adoption.