Crypto Exchange Giant Kraken Wraps Up $500 Million Funding Round

According to a Recent message According to Fortune, the exchange of cryptocurrency Kraken has closed a massive bike of $ 500 million with a stunning $ 15 billion.

In order to introduce this massive increase in the perspective, it is worth noting that the stock exchange received only $ 27 million in the first decade to finance risk capital.

IPO plans

Kraken was considering publishing for about five years. The then CEO Jesse Powell first revealed the plans of the company of the company in 2021 during the big bull run.

However, Kraken’s plans to publish were probably postponed due to the winter of cryptocurrency, which came in 2022.

In March, Bloomberg reported that Kraken was planning to publish in 2026. This was followed by the acquisition of Futures Trading Ninjatrader platform.

You may also like it as well

According to U.Today, the cryptocurrency industry is currently experiencing an IPO boom, while such main names such as Circle and Gemini are public.

Kraken faces increasing pressure to disclose in the near future, because its risk valuation significantly intervention, if in 2026 in 2026 its tank is cryptocurrency prices. However, it should be noted that society still has a relatively strong foundation.

Unconventional CEO

The common CEO of Arjun Sethi is currently waiting for a change in somewhat unorthodox way.

Sethi operates one of the largest exchanges in the world outside its Menlo Park home and combines a trade in its personal life.

Part of this pressure is primarily focused on the merger of crypto with traditional financing, with the recent tokenization efforts Kraken is.

With Xstocks, which are tokenized versions of American stocks, it focuses on increasing the attraction for retailers.