Kraken, founded in 2011, is a leading U.S.-based cryptocurrency exchange known for its secure trading platform, crypto wallets, futures, indices, borderless payments and advanced trading tools across numerous digital assets. The company has raised capital from prominent investors including 2B Global Capital, SBI Investment, RIT Capital Partners, Hummingbird Ventures, and Venture Garage. In March 2025, Bloomberg reported that Kraken is targeting a public debut as early as the first quarter of 2026 contingent on regulatory clarity after the SEC dropped its enforcement action in March 2025, although no S-1 filing has been confirmed.
Potential publicly traded competitors in the cryptocurrency exchange space include Coinbase Global, Inc. (NASDAQ: COIN), Robinhood Markets, Inc. (NASDAQ: HOOD), and Intercontinental Exchange, Inc. (NYSE: ICE).
Kraken is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.
If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.
If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.
Can you sell shares of Kraken before it goes public?
Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Kraken is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.
If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.
What is the pre-IPO value of my Kraken shares?
To explore the value of your Kraken shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.
These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.
Is Kraken a publicly traded company?
Kraken is a private company and not publicly traded.
If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.
To learn more about Kraken potential IPO
Will Kraken go IPO?
Kraken has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.
What is Kraken’s IPO price?
The Kraken IPO price does not exist at this time, as Kraken is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Kraken, register for Forge today.
When was Kraken founded?
Kraken was founded in 2011.
What is Kraken funding to date?
Kraken has raised $965.02MM to date.
Kraken major investors
Arctic Ventures
Assiya Capital Partners
Blockchain Capital
Evolution Vc Partners
G1 Ventures
Global Blockchain Ventures
Investbridge Capital
Mantis Vc
Moonshots Capital
Rit Capital Partners
Sax Capital
Tribe Capital
Show All InvestorsShow Fewer Investors
Kraken pre-IPO valuation and funding rounds
Funding history chart
Funding round and deals details
Funding Date
Round
Amount Raised
Price per Share
Post-Money Valuation 3
Key Investors
11/18/2025
Series D
$200MM
$61.47
$20B
Arjun Sethi, Citadel Securities, Drw Venture Capital, HSG, Jane Street Capital, Oppenheimer & Company, Tribe Capital
Price per Share
$ xx.xx
Shares Outstanding
3,253,620
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
8.1%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arjun Sethi, Citadel Securities, Drw Venture Capital, HSG, Jane Street Capital, Oppenheimer & Company, Tribe Capital
11/18/2025
Series D-1
$200MM
$61.47
$20B
Arjun Sethi, Citadel Securities, Drw Venture Capital, HSG, Jane Street Capital, Oppenheimer & Company, Tribe Capital
Price per Share
$ xx.xx
Shares Outstanding
3,253,620
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arjun Sethi, Citadel Securities, Drw Venture Capital, HSG, Jane Street Capital, Oppenheimer & Company, Tribe Capital
09/26/2025
Series C
$500MM
$48.82
$15B
Arjun Sethi, Tribe Capital
Price per Share
$ xx.xx
Shares Outstanding
10,241,704
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arjun Sethi, Tribe Capital
05/13/2020
Series B
$52.5MM
$19.84
$5.52B
Blockchain Coinvestors, Bloom.Capital, Ge Ventures, Myasiavc, Soul Capital, Tachi.Ai Ventures, Tribe Capital
Price per Share
$ xx.xx
Shares Outstanding
2,646,170
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blockchain Coinvestors, Bloom.Capital, Ge Ventures, Myasiavc, Soul Capital, Tachi.Ai Ventures, Tribe Capital
One way to approach investing is to choose companies that power trends, rather than just allocating to the more direct aspects of the trends. For example, if precious metals surge, you might invest in a mining company, not just gold or silver bullion. If there's a real estate boom, you might invest in a real estate brokerage, not just specific properties. And with crypto becoming more mainstream, you might invest in crypto exchanges like Kraken that facilitate trades, rather than choosing particular coins or tokens.
2025 has been a strong year for crypto in several ways. In the U.S., for example, the regulatory environment has shifted toward a more crypto-friendly stance,5 and several crypto-related companies such as eToro, Circle, Bullish, and Gemini have gone public this year.6
Secure Digital Markets sent $1 million to Kraken over Bitcoin's Lightning Network on January 28, 2026, settling the transaction almost instantly with ...
Kraken Institutional has launched its first managed investment strategy for clients, partnering with Bitwise Asset Management as the exchange expands beyond ...
The White House on Monday will meet with executives from the banking and cryptocurrency industries to discuss a path forward for landmark crypto legislation...
Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.
Forge, your trusted partner for pre-IPO insights and Kraken data
Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES
Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
Market activity indicates the level of activity for a company based on recent IOIs, secondary transactions, and pending transactions on Forge.
Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.
‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.
Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.
$38.77 
