Kraken plans to raise $1 billion before its IPO and has been in talks with investment banks

Odaily Planet Daily News: According to Bloomberg, Kraken is considering raising $200 million to $1 billion before its IPO in early 2026 and has entered into preliminary negotiations 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 reached $1.5 billion, a year-on-year increase of 128%, with adjusted earnings of $380 million. The company recently acquired futures trading platform NinjaTrader for $1.5 billion and restarted cryptocurrency staking services for American clients. Analysis suggests that Kraken's business expansion benefits from a pro crypto regulatory environment, and its IPO plan may land in the first quarter of 2026. （Cointelegraph）