As of September 2024, Kraken, one of the prominent cryptocurrency exchanges, is actively navigating changes in the market. Despite the decline in overall crypto trading volumes, Kraken has managed to gain market share, particularly as other exchanges like Binance face challenges. This is largely due to Kraken's strategic focus on providing reliable services and low trading fees, along with its plans to broaden offerings beyond crypto into stock trading. It aims to integrate U.S.-listed stocks and ETFs, entering a competitive space with platforms like Robinhood. Additionally, Kraken is preparing for a $100 million funding round to further expand and potentially pursue an IPO by 2025. This move is designed to bolster its growth, despite ongoing regulatory challenges.