Odaily News Odaily Planet Daily reported that according to Bloomberg, Kraken is considering raising $200 million to $1 billion before its IPO in early 2026, and has held preliminary talks with Goldman Sachs and JPMorgan Chase. The funds will be used to support Kraken's business growth rather than daily operations.
Kraken's revenue in 2024 will reach $1.5 billion, a year-on-year increase of 128%, and adjusted earnings of $380 million. The company recently acquired futures trading platform NinjaTrader for $1.5 billion and restarted cryptocurrency staking services for US customers.
Analysts believe that Kraken's business expansion has benefited from the pro-crypto regulatory environment, and its IPO plan may be implemented in the first quarter of 2026. (Cointelegraph)