Kraken plans to build great debt in cooperation with Goldman Sachs and JPmorgan Chase before planned stock market nodes

<p> <strong> Kraken plans to build great debt in cooperation with Goldman Sachs and JPmorgan Chase before planned stock market nodes </strong> </p>

Kraken: Strategic debt and stock market plans

Kraken, the cryptocurrency platform based in San Francisco, plans to take up to $ 1 billion in debt. This happens in the run -up to a desired public list. The company, officially led under the name Payward Inc. and managed by the co-Coos Arjun Sethi and David Ripley, has taken up discussions with Goldman Sachs and JPMorgan Chase to acquire financial means.

The talks are still in an early phase. These banks already contact other financial institutions to find potential lenders. It is speculated that the actual amount could possibly achieve $ 200 million due to the discussions in lending. However, it is important to emphasize that these funds are not intended to remedy operating costs, but should be used to finance Kraken's expansion plans.

In addition, Kraken plans to increase his equity base, whereby details on structure and height are still undecided and can change before the negotiations are completed. The desired IPO should take place in the first quarter of 2026. This decision is made in a period in which the regulatory framework for cryptocurrencies in the United States under the administration of President Donald Trump becomes more relaxed, which opens up new opportunities to explore list options.

acquisitions and growth in focus

In a strategic expansion, Kraken recently took over the Ninjatatrader trading platform for $ 1.5 billion. The proceeds should be used to finance growth before the IPO. Kraken expects sales of $ 1.5 billion for 2024, which corresponds to an increase of 128 % compared to the previous year. In addition, the company reports an adjusted EBITDA of $ 380 million and emphasizes that it is active in over 190 countries and to represent more than 10 million users.

Kraken emphasized that it continuously explores strategic ways to accelerate the global introduction of cryptocurrencies. With regard to the debts and the planned IPO, the corporate management remained without a direct statement.

In addition, octopuses are trying to win experienced leaders for their board to support the IPO. However, this initiative is still in the conception phase.

regulatory changes and challenges

In the past, Kraken spoke several times about the IPO, but these plans were delayed by market fluctuations and legal disputes with the US Securities and Exchange Commission (Sec). In 2023, Kraken presented a case at the SEC after the company was sued for the operation of a non -registered securities broker and an exchange. These charges were comparable to those who raised the SEC against the largest US crypto exchange of Coinbase. The case was rejected on March 3, but this illustrated the changed attitude of the Sec.

An important turning point was the resignation of the second chairman Gary Gensler, which then led to a loosening of the crypto enforcement strategy. In the course of this, the SEC has revised its internal structure and set up a cryptocurrency tasks that works with the industry to develop new rules. These adjustments already have an impact on various ongoing procedures, including the procedure against Binance.

look at the future

The crypto industry still remains in change, with many companies and investors hope for a clear regulatory direction. Kraken, as one of the leading actors in the crypto market, faces the challenge of reaching its expansion goals and at the same time meets the regulatory requirements.

attention is great attention to octopuses and its potential IPO. The company endeavors to consolidate its position in the market and at the same time take into account the new legal framework.