PANews reported on March 25 that according to Bloomberg, crypto exchange Kraken is considering raising up to $1 billion in debt financing to support future growth and prepare for a potential initial public offering in the first quarter of 2026. Kraken has been working with Goldman Sachs and JPMorgan Chase to advance this plan and may simultaneously raise some equity financing. Previously, Kraken has spent $1.5 billion to acquire futures platform NinjaTrader, with revenue reaching $1.5 billion in 2024, a year-on-year increase of 128%.