Cryptocurrency exchange Kraken is considering a major capital raise ahead of a potential initial public offering (IPO) early next year, Bloomberg reported on March 24.
Citing 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.
The funds would be used to support Kraken’s growth and not for operational expenses, Bloomberg cited the source as saying.
Bloomberg has been reporting about Kraken’s 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 reporting that Kraken’s IPO could come in the first quarter of 2026.
A Kraken representative declined to comment on the potential debt package when contacted by Cointelegraph.
Kraken is one of the world’s