Kraken

Hill Chart Shape

Overview

Kraken
Sectors
Financial, DeFi, Blockchain
Headquarters
San Francisco, California, USA
CEO
Dave Ripley
Kraken raised $13.5M in a Series B Valuation at a $19.84 price per share, amounting to a post-money valuation of $5.21B on July 1, 2019. PMI data indicates that Kraken's shares have been trading at an 9.7% discount to their Series B Valuation based on institutional secondary market activity.
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Series B Valuation
Latest funding round
$5.21B
XXXXX
2019-07-01
XX-XX-XXXX
AV Implied Valuation
$4.71B
2024-12-16
AV Implied Valuation
XXXXX
XX-XX-XXXX
Change since Last Round
-9.70%
2019-07-01 ➞ 2024-12-16
Change since Last Round
XXXXX
XX-XX-XXXX
Secondary Activity
High
XXXXX
Volume
$207.65M
XXX
(90 day period)
Bid
XXX
Ask
XXX
Bid
$81.7M
Ask
$125.94M

“To provide a secure, reliable, and user-friendly platform for cryptocurrency trading and investment. The company aims to accelerate the global adoption of cryptocurrency, enabling financial freedom and inclusion for individuals and organizations worldwide.”

Founded in 2011 by Jesse Powell, Kraken is a cryptocurrency exchange that offers spot and futures trading for Bitcoin, Ethereum, and over 40 other digital assets. Headquartered in San Francisco, Kraken is one of the world's largest and most successful bitcoin exchanges, serving over 7 million clients globally. The platform facilitates the exchange of cryptocurrencies with national currencies like USD, EUR, CAD, and JPY, and offers advanced trading tools and APIs for professional traders and developers.

Business Model

Kraken operates as a cryptocurrency exchange platform, generating revenue through trading fees on transactions made by its users. The platform caters to both individual and institutional clients, offering services such as over-the-counter (OTC) trading, futures trading, and margin trading. Kraken prioritizes security, transparency, and customer support, providing 24/7 live chat support and a range of tools to enhance the trading experience.

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Targeted Impact

Kraken aims to foster trust and confidence in the cryptocurrency market, driving mainstream adoption and financial freedom for users worldwide.

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Who Will benefit?

Individuals and organizations looking to trade and invest in cryptocurrencies will benefit from Kraken's secure and user-friendly platform.

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What Comes Next?

Kraken plans to continue expanding its product offerings and enhancing its platform to support the evolving needs of the cryptocurrency market.

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Kraken Growth Timeline

Kraken and Competition

Kraken competes with other major cryptocurrency exchanges such as Coinbase, Binance, and Bitfinex. Its emphasis on security, transparency, and customer support differentiates it from competitors.

Key Partners

Kraken is a leading cryptocurrency exchange and financial services platform whose mission is to help individuals invest in their future. The goal of Kraken is to support people in building and growing their portfolios within a transparent and fair setting.

Kraken's slogan, "You just need $10 to get started," highlights the accessibility and ease of entry that the platform offers to its users. This phrase conveys the message that engaging with cryptocurrency is both affordable and straightforward, even for those who are new to the digital currency space when you are using Kraken.

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Financial Data

Annual Revenue and Revenue Growth

Funding Round

Return on Investment (ROI)

Bid:Ask Volume Ratio

ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period.

Activity

Activity refers to broker contributions within the last 90 days.

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Kraken Private Comparables in the AI Sector

ApeVue highlights active private companies within the AI sector.

Change in ApeVue Valuation Since Last Funding Round

ApeVue uses composite price based on the institutional level contributions within the last 90 days to compute implied valuation. ApeVue's current implied valuation is compared to each company's latest funding round valuation:

Change in Composite Price

The plot below illustrates the change in composite price within the last 90 days.

Activity

The plot below displays the 90-day activity based on institutional-level ($1M+) broker contributions.

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