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Crypto

Kraken's Pre-IPO Valuation Plummets Amid Market Volatility

Guavy AI Editorial Team
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Crypto exchange valuations before an IPO are often based on revenue multiples, and Coinbase is trading at approximately 7.0x revenue as of May 2026, according to Multiples.vc.

Kraken's pre-IPO valuation dropped 33 percent from $20 billion in November 2025 to $13.3 billion after Deutsche Börse invested $200 million in secondary shares in April 2026.

This decline highlights the challenge of pricing crypto exchanges before they reach public markets, as revenue depends on trading volume, which swings with market cycles in both directions.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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