According to @danheld, Kraken is "super undervalued" and has sustained revenue and profitability for over a decade, signaling operational resilience relative to many crypto firms that fail to maintain long-term profitability; source: @danheld on X, Nov 19, 2025. For traders, this perspective highlights longevity and profitability as key inputs for counterparty risk assessment and venue selection in the centralized-exchange segment, potentially informing how capital is allocated across trading platforms; source: @danheld on X, Nov 19, 2025.

According to @MilkRoadDaily, Kraken is preparing to raise $500 million at a $15 billion valuation through its IPO, indicating a renewed interest in crypto-related public offerings. This move may increase mainstream investor confidence and liquidity in the cryptocurrency sector, potentially impacting trading volumes and valuations across major digital assets. The revival of crypto IPOs could also set a benchmark for other exchanges considering public listings, influencing market sentiment and long-term price action for related tokens and companies. Source: @MilkRoadDaily