Kraken Eyes $500M Mega-Raise at $15B Valuation—Bullish Expansion Play

Crypto heavyweight Kraken isn’t just dipping toes—it’s cannonballing into growth. The exchange is gunning for a half-billion-dollar war chest, flexing a $15B valuation that screams ‘institutional confidence’ (or maybe just FOMO).

Why now? Because even in a market that flips faster than a degenerate trader, Kraken’s betting big on infrastructure, compliance, and global dominance. Meanwhile, traditional finance still thinks ‘blockchain’ is a spreadsheet upgrade.

Watch this space—Kraken’s move could ripple across crypto’s liquidity pools… or sink like a VC’s NFT portfolio.

Kraken’s global expansion strategy

Founded in 2011 and based in the U.S., Kraken has ramped up efforts to diversify its offerings and expand globally.  In March, it acquired futures trading platform NinjaTrader for $1.5 billion. It also launched the Krak App in June, supporting global payments in over 300 digital and fiat assets across 110 countries.

Kraken now holds MiCA, MiFID, and EMI licenses in Europe and the U.K., and has expanded into Latin America with local currency support in Argentina and Mexico. Additional product launches include an ultra-low latency colocation service, tokenized stocks, and Bitcoin (BTC) staking with Babylon. 

The company’s revenue in 2024 was $1.5 billion, up 128% from the previous year, and its adjusted EBITDA was $424 million. With a 99.9% uptime and a latency of less than two milliseconds, it managed over 2.5 billion trades. Its 24-hour trading volume has consistently topped $1 billion across more than 450 cryptocurrencies and several fiat pairs.