Kraken, a significant participant in the digital currency exchange sector, is allegedly thinking about securing a considerable $1 billion in loans, which may open the door for a possible Initial Public Offering (IPO) in 2026. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
According to sources, this action is entirely focused on getting ready for a prospective Initial Public Offering (IPO) in the future.
According to Bloomberg, Kraken is working with financial powerhouses Goldman Sachs and JPMorgan Chase to determine the optimal strategy. While the debt raise could reach $1 billion, it could potentially be as “low” as $200 million. The objective is to support Kraken’s growth strategies rather than simply maintaining operations.
Kraken is also contemplating selling stock, while debt is being considered. However, nothing has been decided, and the conditions may change.
Kraken, which was founded in 2011, has experienced substantial expansion. Revenue increased by 128% to a respectable $1.5 billion in 2024 alone, with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) reaching $380 million.
Kraken has over 10 million users in over 190 countries, with quarterly trading volumes surpassing $207 billion.
Kraken’s IPO ambitions are receiving a boost due to a potentially more cryptocurrency-friendly regulatory environment under a Donald Trump administration. The business is reportedly aiming for a public launch as early as the first quarter of 2026.
The Securities and Exchange Commission (SEC) recently dismissed its case against Kraken, which accused the exchange of operating as an unregistered securities broker, in a significant victory. This dismissal eliminates a substantial impediment to Kraken’s IPO strategies.
Kraken recently agreed to buy NinjaTrader, a US-based retail futures trading platform, for a massive $1.5 billion in order to diversify its product offerings.
This purchase will improve Kraken’s capacity to provide cryptocurrency futures and derivatives in the US market, in line with its broader goals to expand into stock trading and payment services. Toncoin (TON) Value Forecast for March 26th
