Crypto exchange Kraken is in talks to raise $1 billion with Goldman Sachs and JPMorgan Chase ahead of a potential 2026 IPO.
Kraken Reaches a New Milestone in Its Growth Strategy
The major crypto exchange platform Kraken has initiated discussions with financial giants Goldman Sachs and JPMorgan Chase to raise $1 billion. Bloomberg reports that these negotiations are currently at a preliminary stage. This financial operation is part of a broader strategy to prepare for an IPO expected in early 2026. It represents significant progress for Kraken, aiming to strengthen its position in the crypto ecosystem.
Strengthened Ambition in a Rapidly Evolving Market
This is not Kraken's first involvement in contemplating an IPO. The company had already expressed interest in going public as early as 2021. Additionally, the exchange considered raising over $100 million during a pre-IPO funding round in mid-2024. Kraken's financial health appears robust enough to support these ambitions, with revenue expected to exceed $1.5 billion in 2024, positioning it as a serious competitor to Coinbase, which went public in April 2021.
New Initiatives and Expanding Opportunities
In addition to IPO plans, Kraken is working on other strategic projects, including launching its own US dollar stablecoin. This initiative was prompted by a requirement to remove Tether's USDT from Europe due to new MiCA regulations. Raising $1 billion and the upcoming IPO elevate Kraken to a new status, making it a leading institutional player ready to challenge global digital asset giants.
Kraken is actively preparing for financial changes, including raising $1 billion to strengthen its position ahead of a 2026 IPO. The exchange continues to develop new projects and solidify its stance in the rapidly evolving crypto market.
