Kraken Secures $15 Billion Valuation

Crypto exchange Kraken has finalized a Series C financing round at a valuation of $15 billion, with shares priced at $48.83 per share. Reports on the timing of the Series C closing differ, with some sources pointing to May 2025 and others to late July.

An updated Certificate of Incorporation, dated August 20, 2025, confirms the issuance of Series C Preferred Stock, formally establishing Kraken’s capitalization at $15 billion. This milestone reinforces Kraken’s position as one of the most valuable players in the cryptocurrency exchange market.

By mid-September, the secondary market reflected a valuation range of $14–17 billion for Kraken. This trading range highlights consistent investor demand, strong market confidence, and sets a renewed benchmark for Kraken’s future growth and potential liquidity events.