Kraken dey eye $500M fundin at $15B valushun for 2026 IPO
Kraken dey talk make dem raise $500 million for $15 billion value as dem dey plan for possible IPO for Q1 2026. Dis funding round come after SEC drop dia lawsuit for March and e show say US crypto rules dey soften. The US-based exchange dey handle about $1.37 billion daily trading volume over 1,100 pairs, na about half of Coinbase $2.77 billion, according to CoinGecko. Recent crypto listings like Circle, eToro, Coinbase, and Robinhood don perform well, wey show say market get strong hope. For product side, Kraken don launch “Krak,” peer-to-peer fiat and crypto payments app, plus dem don get EU-wide approval under MiCA framework, wey fit open road for European expansion.
Neutral
Di announcement na dey, e bi structural lek lek and e dey aimed at corporate financing pass to affect di price of any particular cryptocurrency directly. Even though wen funding round success and regulation clear, e fit boost di market confidence well-well, but e no directly dey change token supply or demand. So, di immediate price effect for any cryptocurrency go remain neutral. For di long run, strong infrastructure and EU expansion fit help market stability and growth.