YEREVAN (CoinChapter.com) — Kraken IPO plans are moving forward as the crypto exchange explores a debt raise of up to $1 billion. According to a March 24 Bloomberg report, the exchange is in discussions about securing funds ranging from $200 million to $1 billion.
Goldman Sachs and JPMorgan Chase are among the banks involved in the Kraken fundraising talks. The funds will support expansion efforts, not daily operations, the report added.
Bloomberg has reported on Kraken IPO ambitions for nearly a year. Following the election of Donald Trump, discussions about Kraken going public have intensified. The potential IPO could take place in the first quarter of 2026, Bloomberg stated.
Kraken Revenue and Trading Volume Surge
Kraken financials show significant growth in 2024. The exchange reported $1.5 billion in revenue, an increase of 128% from the previous year. The company also recorded $380 million in adjusted earnings, reflecting its financial performance.
Daily Kraken trading volume reached $1.1 billion, according to CoinMarketCap data. This positions Kraken as one of the largest cryptocurrency exchanges in the market.
Kraken Expands With $1.5 Billion Acquisition
Kraken acquisition efforts continue as the exchange purchased NinjaTrader for $1.5 billion. The brokerage service, founded in 2003, specializes in futures contracts and operates under US Commodity Futures Trading Commission (CFTC) regulations.
The Kraken acquisition is part of its strategy to grow in the derivatives market and expand into multi-asset services such as equities and payments.
Kraken Staking Services Resume in the US
Following changes in US regulations, Kraken staking services are available again after a two-year suspension. Users in 37 states can now stake 17 cryptocurrencies, including Ethereum (ETH) and Solana (SOL).
Regulatory developments have also affected Kraken SEC matters. Recent reports indicate that Kraken was among several crypto exchanges that avoided SEC enforcement actions. This shift may influence the exchange’s ability to move forward with its Kraken public listing.
With strong Kraken financials, growing trading volume, and major acquisitions, the exchange is preparing for a possible public debut in 2026.
