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Kraken Considers $1 Billion Debt Raise Ahead Of Potential IPO: Report

  • Cryptocurrency exchange Kraken is exploring the possibility of raising up to $1 billion in debt as it prepares for a potential IPO.
  • Kraken is working with Goldman Sachs and JPMorgan Chase and reaching out to other banks and lenders to gauge interest.
  • The debt raise is aimed at fueling Kraken's growth strategy and the company is also considering an equity raise as part of its capital strategy.
  • Kraken recently agreed to acquire retail futures trading platform NinjaTrader in a $1.5 billion deal and is looking to expand its operations.

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