Altcoins News
By Pankaj K
1 / 13
Revenue Surge Despite Valuation Drop. The exchange isn't exactly struggling financially. Revenue jumped 33% in 2025 to over $2.2 billion.
2 / 13
Deutsche Börse Bets Big on Crypto. The Deutsche Börse investment shows traditional finance is still betting on crypto exchanges.
3 / 13
Kraken wants to go public. The crypto exchange filed confidential IPO paperwork late last year, co-CEO Arjun Sethi said at the Semafor World Economy event in Washington.
4 / 13
The timing comes after Deutsche Börse Group pumped $200 million into Kraken at a $13.3 billion valuation. That's way down from Kraken's peak $20 billion price tag in late 2025.
5 / 13
Kraken first tried going public back in November 2025 when it filed a confidential draft Form S-1 with the SEC.
6 / 13
Kraken's also pushing hard into Europe. They bought a Cyprus-based broker to get a MiFID II license, which basically lets them operate across European markets legally.
7 / 13
Their tokenized stocks business reached $5 billion. Not bad for a relatively new product line.
8 / 13
Kraken didn't respond when asked about more financial details or expansion plans. They're keeping things close to the vest, which makes sense given how volatile crypto markets…
9 / 13
The company first hinted at IPO plans in early 2025, but market chaos kept pushing things back.
10 / 13
Going public won't be easy. Crypto companies face extra scrutiny from regulators and investors who remember the wild swings from the last few years.
11 / 13
The $200 million investment came at exactly the right time for Kraken. Cash gives them flexibility to keep expanding while they prep for public markets.
12 / 13
Kraken's tokenized stock trading hit $5 billion, showing there's real demand for these hybrid products that bridge traditional and crypto markets.
13 / 13
No word yet on when the IPO might actually happen. Market conditions change fast in crypto, and Kraken seems willing to wait for the right moment rather than rush into choppy…
The Currency Analytics
Want the full story?