- Exchange Kraken filed confidentially for an IPO in the United States.
- Now Kraken is estimated at $13,3 billion, below the peak of $20 billion at the end of 2025.
Cryptocurrency exchange Kraken filed for an IPO in the third quarter of 2026. This comes just days after Deutsche Börse AG invested $200 million in Payward Inc., the parent company Kraken, by buying out existing shares.
As a result, the German exchange operator will receive a 1,5% fully diluted stake. The agreement is expected to close in the second quarter of 2026, subject to regulatory approval. The seller’s name has not been disclosed.
The deal has redefined value KrakenAccording to Bloomberg estimates, the exchange is now valued at approximately $13,3 billion. This is less than the $20 billion it raised from selling shares in November, but still allows Kraken become one of the largest cryptocurrency companies.
Как уже wrote в Happy Coin News, cryptocurrency exchange Kraken abandoned plans for an initial public offering (IPO) in the first quarter of 2026. Company representatives did not disclose the reasons. However, it was already known at the time that the IPO had been “frozen,” not cancelled.
Recently the exchange Kraken became the target of cybercriminals who claimed to have accessed internal customer support systems and demanded a ransom from the platform. In exchange, they promised not to publish the hacked user data. However, management Kraken refused to interact with criminals, as it is confident that there are no security system failures.
Clearly, confirmation of the hack and the payment of funds would have diminished the company’s stock price. Fortunately, the head of security Kraken Nick Percoco is confident that the platform’s threat countermeasures are working without interruption.
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