As reported by TheMarketPeriodical, Kraken Exchange has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on November 18, 2025. The company raised $800 million in two tranches, valuing it at $20 billion, with Citadel Securities contributing $200 million. Kraken also acquired Small Exchange for $100 million to support U.S. derivatives trading and reported $40.5 billion in October trading volume.
Kraken Files for US IPO, Valued at $20 Billion
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