San Francisco-based cryptocurrency exchange Kraken has successfully raised $500 million in a landmark funding round. This brings the company’s total valuation to $15 billion. The recent funding announcement marks the largest in Kraken’s 14-year history. The funding has come from a mix of venture firms, institutional investors, and co-CEO Arjun Sethi of Tribe Capital, as reported by Fortune. The capital will help propel Kraken’s global expansion and enhance its product offerings as it prepares for an initial public offering (IPO) slated for 2026.