Kraken is exploring $1 billion in debt financing, and the plan is currently in its early stages

ChainCatcher news, according to Bloomberg citing informed sources, cryptocurrency exchange Kraken is exploring raising $1 billion in debt financing ahead of a potential IPO. The sources said the company is working with Goldman Sachs and JPMorgan Chase on this plan, which is still in its early stages. Any debt raised will be used to drive company growth rather than for operational needs, with a minimum of $200 million to be raised.

Another informed source stated that, in addition to debt financing, Kraken is also considering equity financing. No final decision has been made yet, and terms such as the scale of financing may still change. Representatives from Kraken, Goldman Sachs, and JPMorgan Chase declined to comment.