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Home/Markets & Investing/CRYPTO MONEY LAUNDERING ENFORCEMENT · KRAKEN

Kraken valuation drops to $13.3 billion as it resumes IPO push

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Harper Fairchild

crypto money laundering enforcement · Apr 14, 2026

Kraken valuation drops to $13.3 billion as it resumes IPO push

Source: DojiDoji Data Terminal

Kraken is now valued at $13.3 billion, a decrease from the $20 billion valuation reached in November 2025 during an $800 million funding round led by Citadel Securities. The valuation drop follows a period where Kraken put its multibillion-dollar IPO plans on hold in March due to weaker market conditions.

Related Brief9h ago
venture capital

Kraken’s $13.3 Billion Valuation Reveals a 33% Markdown in Exchange Pricing

Kraken is now valued at $13.3 billion, a 33% markdown from the $20 billion valuation the exchange commanded during its November 2024 funding round. This figure was established by Deutsche Börse Group's $200 million investment in Payward Inc., Kraken's parent company. The transaction, which is expected to close in the second quarter of 2026 subject to regulatory approval, gives the Frankfurt-based stock exchange operator a 1.5% fully diluted ownership stake via a secondary market transaction. The investment cements a commercial partnership first announced in December 2025 to build a hybrid market infrastructure for traditional and tokenized assets. Kraken had originally planned a public listing for 2026, but the company has suspended those plans indefinitely, citing unfavorable market conditions.

Deutsche Börse has invested $200 million in Payward, the parent company of Kraken, securing a 1.5% stake in the fully diluted share capital. The deal, expected to close in the second quarter of 2026 subject to regulatory approval, integrates Kraken with 360T, Deutsche Börse’s foreign exchange trading platform. The goal is to build a unified infrastructure for institutional clients across traditional and crypto assets.

Related Brief11h ago
cybersecurity

Kraken's Support Staff Recruitment Breach Exposes 2,000 Accounts

Approximately 2,000 Kraken user accounts were viewed after cybercriminals recruited customer support personnel to record internal client management platforms. The breach occurred across two distinct events, in February 2025 and a second more recent occurrence. The perpetrators captured video recordings of staff accessing internal systems, which were used to demand an undisclosed sum from the exchange to prevent public disclosure. Kraken Chief Security Officer Nick Percoco stated that no systems were breached and funds remained secure. Kraken refused to negotiate with the extortionists. The exchange is working with federal law enforcement across multiple jurisdictions to identify the individuals involved.

Kraken reported $2.2 billion in adjusted revenue for 2025 and became the first crypto company to gain access to the Federal Reserve’s core payment system in March. Co-CEO Arjun Sethi confirmed that the company has confidentially filed for an initial public offering in the United States and could go public this year.

Related BriefJust now
fintech

Prediction Markets Drive 12% of Robinhood's Total Revenue

Robinhood's prediction markets accounted for approximately 12% of the company's total revenue in 2025. This growth follows the integration of Kalshi's prediction markets into the Robinhood app in March 2025. The move is part of a broader shift toward prediction markets, which Bernstein estimates will grow from $51 billion in annual volume in 2025 to $1 trillion by 2030. Cantor Fitzgerald and Bernstein analysts identify Robinhood and Coinbase as the primary public market beneficiaries of this expansion, with Coinbase having offered the same markets since January. Robinhood CEO Vlad Tenev described the trend as a "prediction markets supercycle."

crypto money laundering enforcementKrakencrypto IRS rulingcrypto exchange hack

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