Kraken Files for IPO with $20 Billion Valuation, Aiming for Mid-2026 Launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 25 2025- IPO Process Initiation: Kraken has formally initiated its IPO process by submitting a confidential S-1 filing, with a potential launch in mid-2026, marking its position as a leading US crypto exchange and likely attracting increased investor interest.
- Strong Financial Performance: In 2024, Kraken reported approximately $1.5 billion in annual revenue, more than doubling year-over-year, with an EBITDA of $424 million, demonstrating its profitability and sustainable growth potential in the crypto market.
- Diversified Business Expansion: Kraken is not only focused on spot trading but is also aggressively expanding into derivatives, tokenized equities, and payment services, building a comprehensive crypto financial ecosystem that enhances market competitiveness and customer loyalty.
- Elevated Market Expectations: Market consensus suggests Kraken's IPO valuation could range between $16 billion and $22 billion, reflecting growing confidence in its fundamentals and future growth, further driving the convergence of crypto assets with traditional finance.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
