Kraken exploring $1b debt raise ahead of potential 2026 IPO: report

Kraken would have explored the possibility of lifting up to $ 1 billion in loan funding before a potential initial public offer.

The company is collaborating with the Goldman Sachs Group Financial Giants Group Inc. and Jpmorgan Chase & Co. to assess this strategic decision, according to Bloomberg statement. The increase in proposed debt, which could reach $ 200 million, aims to fuel Kraken growth initiatives rather than covering operational spending.

In addition to the financing of the debt, Kraken plans to increase on actions, although no final decision has been made, and the terms can evolve.

Founded in 2011, Kraken experienced significant growth, declaring a 128% increase in revenues to $ 1.5 billion in 2024, with adjusted profits before interest, taxes, damping and damping of $ 380 million.

The platform serves more than 10 million users in more than 190 countries, dealing with quarterly trading volumes greater than $ 207 billion.

Kraken iPo

Kraken IPO ambitions have been reinforced by a more favorable regulatory environment under President Donald Trump. The company aims to become public from the first quarter of 2026.

This optimism follows the recent dismissal of a trial in securities and exchange securities against Kraken, who had accused the operating exchange as a broker in non -registered securities. The DSA decision to remove the case authorized an important obstacle for Kraken’s public registration plans.

In a strategic decision to diversify his offers, Kraken agreed last week To acquire Ninjatrader, an ultimately retail-based negotiating platform based in the United States, for $ 1.5 billion.

This acquisition is about to improve Kraken’s capacities by offering term contracts and cryptographic derivatives on the American market, aligning its broader objectives to enter the trading and actions payment sectors.