Kraken News: Cryptocurrency Exchange Eyes $1 Billion Debt Funding Ahead of Potential 2026 IPO

Kraken, a leading cryptocurrency exchange, is making significant moves to bolster its financial position and expand its services. Ahead of a potential IPO in early 2026, the company is in talks with major financial institutions to raise up to $1 billion in debt funding. Here’s a closer look at the developments shaping Kraken’s future.

Kraken Eyes $1B Debt Funding Ahead of IPO

Kraken is currently working with JPMorgan and Goldman Sachs to raise up to $1 billion in debt to support exchange expansion as it prepares for a potential IPO early 2026. The crypto exchange recently acquired NinjaTrader for $1.5 billion to strengthen its services in the derivatives market. The hiring of Carrie Dolan as CFO in 2022 further indicates Kraken’s IPO ambitions, given her experience in taking LendingClub public in 2015. This move aims to boost the company’s expansion and strengthen its market position before it goes public.

PumpFun Moves $7.81M Solana to Kraken, Fuels Bearish Sentiment

Memecoin launchpad PumpFun has transferred a significant volume of Solana (SOL) to Kraken. According to Onchain Lens, 54,113 SOL, worth approximately $7.81 million, were moved to the exchange platform. This transaction follows a pattern of PumpFun dumping large SOL amounts this year, fueling market speculation. Previous transfers included 120,000 SOL worth $22.88 million and 148,759 SOL worth $28.22 million. Solana is currently trading at $143.18, up 2.48 percent over 24 hours but down 12.80 percent over 30 days. Meanwhile, PumpSwap’s launch aims to boost Solana’s DEX ecosystem, but concerns persist over PumpFun’s SOL transfers.