Kraken Locks $500M Round as IPO Countdown Heats Up

TLDR: Kraken closed a $500M funding round at a $15B valuation as it prepares for a 2026 IPO listing. Tribe Capital and its co-founder Arjun Sethi were among the participants, with Sethi also investing personally. The exchange acquired NinjaTrader for $1.5B, adding 2M pro traders to its customer base this year. Kraken is building products [...]

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