Kraken Seeks $300M Funding Before $20B IPO Supported by Goldman Sachs and Morgan Stanley
Funding and Valuation: Crypto exchange Kraken is negotiating a funding round of $200–$300 million to achieve a $20 billion valuation ahead of its planned IPO, with Morgan Stanley and Goldman Sachs as underwriters.
Leadership Change: The exchange recently appointed David Ripley as CEO, succeeding co-founder Jesse Powell, who emphasized Kraken's focus on innovation and security despite remaining silent on the funding round.
Market Context: As of September 27, 2025, Bitcoin trades at $109,482.60, reflecting a volatile market with a $2.18 trillion market cap, which underscores the timing of Kraken's fundraising efforts.
Regulatory Scrutiny: Analysts warn that the upcoming fundraising may attract regulatory scrutiny, a typical occurrence before IPOs, especially with the involvement of major financial institutions like Goldman Sachs and Morgan Stanley.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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