🐙 Kraken plans to raise $1 billion ahead of its IPO in 2026
💰 The cryptocurrency exchange "Kraken" is in talks with Goldman Sachs and JP Morgan to raise $1 billion in loans. This funding may be used to prepare for a potential IPO, which the company is considering in the first quarter of 2026.
The U.S. Securities and Exchange Commission (SEC) recently dropped its case against Kraken, removing a major regulatory hurdle. In 2024, the exchange generated revenue exceeding $1.5 billion, and it is now poised to compete with the publicly traded Coinbase.#Kraken
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