- Kraken plans a $1B debt raise and IPO by Q1 2026, backed by Goldman Sachs and JPMorgan, signaling its push for market dominance.
- Kraken acquires NinjaTrader for $1.5B, expanding into derivatives and multi-asset services, strengthening its foothold in finance.
- SEC lawsuit dismissal clears Kraken’s path, enabling staking services for U.S. clients and fueling growth in a pro-crypto climate.
As per Bloomberg, Kraken is accelerating its expansion efforts with a potential $1 billion debt raise. The crypto exchange is working with Goldman Sachs and JPMorgan to secure funding. These funds will support its growth strategy rather than operational costs. Besides, Kraken is also considering an equity raise, signaling its commitment to long-term market dominance.
The exchange is prospecting for an IPO by the first quarter of the year 2026. The advantage of this recent bend in the regulation of the U.S. has also kindled this momentum. In addition, the recently dismissed lawsuit of the SEC against Kraken has strengthened its position. The court victory against compliance risk has cleared the way for what has previously delayed plans on public listing.
Kraken Expands into Derivatives and Multi-Asset Services
Kraken is broadening its service offerings through strategic acquisitions. It recently acquired NinjaTrader, a brokerage service specializing in futures trading, for $1.5 billion. This move enhances Kraken’s presence in the derivatives market. Additionally, it aligns with its vision of offering multi-asset services, including equities and payments.
NinjaTrader has more than 1.8 million members and is registered with the Commodities Futures Trading Commission (CFTC). Kraken is now positioned as a participant in the larger financial markets as a result of this purchase.
Regulatory Clarity Boosts Kraken’s Growth Prospects
SEC closed the lawsuit against Kraken on March 3. The action accused Kraken as an unregistered broker, dealer, and clearing agency. However, the action was initiated without penalty, wrongdoing admission, and change in Kraken’s business model.
This regulatory clarity has allowed Kraken to restore its staking facility for American customers. U.S. users in 37 states can stake 17 different cryptocurrencies, including Solana and Ethereum. This follows after the installation of a pro-crypto government, which has provided a more accommodative regulatory landscape.
Kraken recorded $1.5 billion in revenue and $665 billion in trading volume in 2024. It serves 2.5 million funded accounts, solidifying its industry leadership. Additionally, its expansion efforts could help it rival Coinbase, which went public in 2021.
