Cryptocurrency Exchange Kraken considers a major increasing capital leading to a potential initial publication of the public (IPO) early next year, Bloomberg reported on March 24.
Citing non -recognizable resources, Bloomberg Kraken said exploring a debt package worth anywhere between $ 200 million and $ 1 billion. The exchange has been reported in the initial conversation with Goldman Sachs and JPMorgan Chase about facilitating the transaction.
Funds will be used to support Kraken’s growth and not for operating costs, Bloomberg cites the source as saying.
Bloomberg is reporting about Kraken’s IPO ambitions For the better part of a year. The public talks intensified following US President Donald Trump’s election, including Bloomberg’s report that Kraken’s IPO may arrive in the first quarter of 2026.
A Kraken representative refused to comment on the potential loan package when interacting via cointelegraph.
Kraken is one of the largest crypto exchanges in the world, facilitating more than $ 1.1 billion in trading volume over the past 24 hours, according to CoinMarketCap Data.
The exchange grew rapidly in 2024, with financial statements by the end of the year showing $1.5 billion income – A gain of 128% from 2023. The company’s adjusted income has reached $ 380 million for the year.
Financial statements at the end of Kraken show significant income growth, funded accounts and properties. Source: Kraken
Related: Kraken assures Mifid’s license to offer derivatives in Europe
Kraken’s latest acquisition
Kraken expands its footprint to the derivatives market along with the $ 1.5 billion taking ninjatradera popular broker service that specializes in futures contracts. The acquisition is part of the broader exchanging of the exchange in multi-asset services, including equities and payments.
The Ninjatrader was established in 2003 and registered with the US Commodity Futures Trading Commission.
Source: Arjun Sethi
Acquisition suggests crypto companies grow their businesses with confidence following the election of A Pro-Crypto Republican Administration. As Cointelegraph reported, Kraken was one of the many crypto exchanges that Freed from the action of implementation of the US Securities and Exchange Commission.
A positive regulation climate may have contributed to Kraken’s decision to continue staking crypto staking services for US clients after nearly two years of hiatus. Clients in 37 states can now access staking services throughout 17 cryptocurrencies, including Ether (Eth) and Solana (Sol).
