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Kraken's $1 Billion Debt Plan: Will It Cement Its 2026 IPO Efforts?

  • Crypto exchange Kraken is considering raising up to $1 billion in debt as it aims for growth ahead of its anticipated IPO.
  • Kraken is working with Goldman Sachs and JPMorgan Chase, among other banks and lenders, to explore fundraising options.
  • The funds are intended to accelerate Kraken's expansion efforts, including the recent acquisition of NinjaTrader and expansion into the UK, Europe, and Australia.
  • Kraken generated $1.5 billion in revenue in 2024 and has over 15 million users.

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