How Crypto Exchanges Are Valued Pre-IPO: Kraken's 33% Drop

Crypto & Finance · 2026-08-14T22:41:35.000Z

Revenue multiples, DCF and deal comps decide pre-IPO crypto exchange value. Coinbase trades at 7.0x revenue; Kraken fell from $20B to $13.3B in six months.

Revenue multiples, DCF and deal comps decide pre-IPO crypto exchange value. Coinbase trades at 7.0x revenue; Kraken fell from $20B to $13.3B in six months. Source: https://financefeeds.com/how-are-cryptocurrency-exchanges-valued/