Key Takeaways
- Kraken is reportedly in talks with a strategic investor for a deal valuing the corporate at $20 billion.
- This could mark a large enhance from its final $15 billion valuation after a $500 million funding spherical.
Kraken, a cryptocurrency trade making ready for a 2026 IPO, is in talks with a strategic investor at a $20 billion valuation, Bloomberg reported in the present day.
The discussions symbolize a big soar from Kraken’s latest $500 million funding spherical that valued the corporate at $15 billion. That spherical included participation from Tribe Capital, with CEO Arjun Sethi investing personally to help the trade’s enlargement forward of its deliberate public providing.
Kraken reported $411 million in Q2 income and $80 million in post-EBITDA earnings, marking an 18% year-over-year income enhance. The trade additionally acquired NinjaTrader for $1.5 billion to boost its choices in tokenized property and EU SME banking below MiCA rules.
