Prominent Cryptocurrency exchange Kraken has entered preliminary talks for a $20 billion acquisition deal with an unnamed investor. A Bloomberg report on Friday indicated the proposed transaction will also include a strategic investment ranging between $200 million to $300 million.

IPO rumors heat up as Kraken bags $500M at a $15B valuation, fueling talk of an imminent IPO. Ready to ride the next bull run? #crypto #Kraken Sometimes I catch myself dreaming of trading in my pajamas all day

— Mia Satoshi (@MiaDubai777) September 26, 2025

Subject to official confirmation, the imminent $20 billion deal would mark a substantial re-pricing of crypto exchange valuations relative to Kraken’s latest $500 million raise at a $15 billion valuation. This emphasizes enhanced perception of

See Full Page