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