Kraken is reportedly looking to raise $500 million at a $15 billion valuation as it prepares for a potential IPO in 2026. This funding effort comes amid a favorable regulatory climate that has seen other crypto companies, such as eToro and Circle, successfully go public. Last valued at $11 billion in 2022, Kraken is capitalizing on the recent surge in initial public offerings and the positive market reception. Currently, it handles approximately $1.37 billion in daily trading volume across over 1,100 trading pairs, about half that of its main competitor, Coinbase. Notably, in March, the SEC dropped a long-term lawsuit against Kraken, contributing to a more advantageous regulatory backdrop. The company is also expanding its presence in Europe following the acquisition of a license under the EU's Markets in Crypto-Assets framework. With significant growth among crypto firms this year, Kraken is positioning itself for a strong market entry through this anticipated IPO.

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