{"id":125719,"date":"2025-03-24T20:20:05","date_gmt":"2025-03-24T20:20:05","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125719"},"modified":"2025-03-24T20:20:05","modified_gmt":"2025-03-24T20:20:05","slug":"crypto-exchange-kraken-exploring-1b-raise-ahead-of-ipo-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125719","title":{"rendered":"Crypto exchange Kraken exploring $1B raise ahead of IPO: Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange Kraken is considering a major capital raise ahead of a potential initial public offering (IPO) early next year, Bloomberg reported on March 24.\u00a0<br \/>\nCiting anonymous sources, Bloomberg said Kraken is exploring a debt package worth anywhere between $200 million and $1 billion. The exchange is reportedly in preliminary talks with Goldman Sachs and JPMorgan Chase about facilitating the transaction.<br \/>\nThe source reportedly told Bloomberg that the funds would be used to support Kraken\u2019s growth and not for operational expenses.\u00a0<br \/>\nBloomberg has been reporting about Kraken\u2019s IPO ambitions for the better part of a year. Talks of going public have intensified following the election of US President Donald Trump, with Bloomberg claiming that Kraken\u2019s IPO could come in the first quarter of 2026.<br \/>\nCointelegraph contacted a Kraken representative about the potential debt package and IPO, but they declined to comment.\u00a0<br \/>\nKraken is one of the world\u2019s largest crypto exchanges, facilitating more than $1.1 billion in trading volume over the past 24 hours, according to CoinMarketCap data.\u00a0<br \/>\nThe exchange grew rapidly in 2024, with year-end financial statements showing $1.5 billion in revenue \u2014 a gain of 128% compared to 2023. The company\u2019s adjusted earnings reached $380 million for the year.\u00a0<br \/>\nKraken\u2019s year-end financial statements show significant growth in revenue, funded accounts and assets. Source: KrakenRelated: Kraken secures MiFID license to offer derivatives in Europe<br \/>\nKraken\u2019s latest acquisition<br \/>\nKraken is expanding its footprint in the derivatives market with the $1.5 billion acquisition of NinjaTrader, a popular brokerage service specializing in futures contracts. The acquisition is part of the exchange\u2019s broader push into multi-asset services, including equities and payments.\u00a0<br \/>\nNinjaTrader was founded in 2003 and is registered with the US Commodity Futures Trading Commission.\u00a0<br \/>\nSource: Arjun SethiThe acquisition suggests crypto companies are growing their business with confidence following the election of a pro-crypto Republican administration. As Cointelegraph reported, Kraken was one of several crypto exchanges to be freed from enforcement action by the US Securities and Exchange Commission.\u00a0<br \/>\nA positive regulatory climate may have contributed to Kraken\u2019s decision to resume crypto staking services for US clients after a nearly two-year hiatus. Clients in 37 states can now access staking services across 17 cryptocurrencies, including Ether (ETH) and Solana (SOL).<br \/>\nMagazine: Unstablecoins: Depegging, bank runs and other risks loom<a href=\"https:\/\/cointelegraph.com\/news\/crypto-exchange-kraken-exploring-1-billion-raise-report?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange Kraken is considering a major capital raise ahead of a potential initial public offering (IPO) early next year, Bloomberg reported on March 24.\u00a0 Citing anonymous sources,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125719"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125719"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125719\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125719"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}