StartEngine Private has announced an offering of Kraken (Payward, Inc. d/b/a Kraken) shares.
Kraken is one of the largest crypto exchanges in the world, currently ranked 13th by daily volume. It has been reported that Kraken is considering an initial public offering (IPO) next year. Its financials show $1.5 billion in revenue and earnings of around $380 million and over 15 million users.
StartEngine is not participating in a funding round but is making shares available as part of a secondary transaction.
StartEngine Private LLC purchases shares from shareholders like early investors, and employees and then and then creates StartEngine Private LLC, a Delaware limited liability company to hold shares of a privately held company. An investor will not directly own or hold shares of the private company but instead will own member interests.
Kraken’s financials offer a somewhat mixed picture. For instance, in 2024, the exchange reported $1.5 billion in revenue—a 128% jump from the prior year—alongside adjusted earnings of $380 million and $42.8 billion in platform assets.
Recently, Kraken acquired Ninja Trader, a registered futures platform, to boost its “position as “a 24/7, always-on technology platform built for professional traders,” making it a key player in U.S. futures for traditional and crypto markets.”
As this is a secondary transaction, multiple platforms also list private securities available to accredited investors.
StartEngine has become more active in the secondary markets, which enables the platform to sell shares in prominent, early-stage private firms.
Additional information is available for “Series Kraken” for registered users on StartEngine Private.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
