According to the source, Kraken has raised $500 million at a $15 billion valuation, reported via a social media post on Sep 26, 2025. The source does not disclose investor names, round type, or timing. The source also does not mention any changes to listings, products, or fees that would immediately alter crypto trading flows. According to the source, there is no cited official confirmation, leaving direct, tradeable implications for centralized exchange exposure unclear until further details emerge.