Kraken, a prominent player in the cryptocurrency exchange landscape, has completed a major financial milestone by raising $500 million in a recent funding round. This achievement creates a promising foundation for Kraken’s planned Initial Public Offering (IPO) set for 2026. Established in 2011, Kraken has experienced considerable growth and an increase in its valuation over the years, with this latest funding round underscoring widespread monetary interest from a diverse array of investors including investment managers and venture capitalists, alongside co-CEO Arjun Sethi.