Kraken is set to raise $500 million in funding at a $15 billion valuation, eyeing a potential public offering. The American crypto exchange plans to go public in 2026 amid a friendly regulatory environment. Kraken currently has $1.37 billion in daily trading volume, listing over 1,100 trading pairs.

Crypto companies like Circle and eToro have seen significant gains in 2025. Circle completed a $1 billion public offering and gained 484%, while eToro debuted on the Nasdaq and is up over 16.5%. Coinbase and Robinhood have also surged this year, with gains of 50% and 162%, respectively.

Kraken is the latest crypto firm looking to go public following favorable regulatory changes. The SEC dropped a securities violation lawsuit against Kraken in March. Other companies like Ripple, Gemini, and Grayscale have also gone public or signaled plans for an IPO.

In June, Kraken launched a peer-to-peer payments app called “Krak” and secured a license to expand its offerings across the European Union. The company’s expansion comes as it prepares for a potential public listing and capitalizes on the growing crypto market.

Read more at Cointelegraph: Kraken Seeks $500M Funding At $15B Valuation: Report