Kraken has just completed a $500 million Capital round, raising its valuation to around $15 billion and is preparing for an IPO in 2026.
The Capital was led by Tribe Capital and co-CEO Arjun Sethi; Kraken also acquired NinjaTrader and expanded products like xStocks, which focuses on serving professional and institutional clients.
- Capital round: USD 500 million, valuation around USD 15 billion.
- M&A: Acquired NinjaTrader, adding about 2 million users.
- Strategy: Prepare for IPO 2026, expand xStocks products for professional customers.
Capital round details
Kraken raised $500 million in its latest Capital round, valuing the company at around $15 billion.
This round did not have a lead investor; participating investors included Tribe Capital and individual Arjun Sethi. The Capital is intended to strengthen the company's position ahead of an IPO and expand its services to professional and institutional clients.
NinjaTrader Acquisition and User Impact
Kraken acquired NinjaTrader for about $1.5 billion, adding about 2 million users to the platform.
The acquisition expands the customer ecosystem, increases the ability to combine traditional trading services and crypto-related products, and increases the scale of operations before a public listing.
IPO Plan and xStocks Product
Kraken is preparing for an IPO slated for 2026 and has launched its xStocks product to promote integration between traditional finance and crypto.
This strategy targets professional and institutional customers, expanding the product portfolio to increase revenue and attractiveness before listing on the public exchange.
When will Kraken 's IPO take place?
Kraken plans to go public in 2026, according to recently announced plans.
Who participated in this Capital round?
The round was led by Tribe Capital and Arjun Sethi; there was no lead investor.
How does buying NinjaTrader affect users?
Acquisition adds approximately 2 million users, expanding customer base and increasing integrated trading service offerings.
