Kraken is one of the largest and oldest cryptocurrency exchanges in the United States, second only to Coinbase. Founded in 2011 by Jesse Powell, Michael Gronager, and Thanh Luu, the platform serves over 13 million users globally across 190+ countries. Kraken provides a comprehensive suite of crypto trading services including spot trading, futures, margin trading up to 10x leverage, staking solutions, and institutional services. The company acquired NinjaTrader for $1.5 billion in 2025 to expand into regulated futures and options trading. Kraken relocated its headquarters from San Francisco to Cheyenne, Wyoming, and holds over 100 licenses worldwide. The company reported $2.2 billion in revenue for 2025 with $531 million in EBITDA, processing over $2 trillion in trading volume. Kraken operates with a remote-first workforce and confidentially filed for a U.S. IPO in November 2025, targeting a 2026 public listing.
Company Profile
CEO
Arjun Sethi, Dave Ripley
Founded
2011
HQ
Cheyenne, Wyoming
Employees
1,900-2,300
Total Raised
$827M
Est. Revenue
$2.2B (2025-Q4)
Growth
Strong growth with 33% YoY revenue increase in 2025, doubling trading volume
Last Round
Series D — $200M (Nov 2025)
IPO Status
expected
Fundraising Status
Series D · $200M · 9 mo ago
expectedTotal raised $827M
Secondary Market
Implied price / share
$31.11
Last round price / share
$61.47
vs last round
-49.4%
Open interest
83
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series D
$200M
Nov 2025
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Founders & Key People
Jesse PowellMichael GronagerThanh Luu
Investors
Citadel Securities · Jane Street · DRW Venture Capital · HSG · Oppenheimer Alternative Investment Management · Tribe Capital · Deutsche Börse Group · Hummingbird Ventures · Trace Mayer
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.