Kraken正在與高盛（Goldman Sachs）和摩根大通（JPMorgan Chase）合作，在計劃的公開上市之前，最高可償還10億美元的債務

據彭博社報導，克雷肯（Kraken）正在與高盛（Goldman Sachs）和摩根大通（JPMorgan Chase）合作，在2026年初計劃公開上市之前，高達10億美元的債務。

Kraken, the cryptocurrency exchange, is working with Goldman Sachs and JPMorgan Chase to raise up to $1 billion in debt ahead of a planned public listing in early 2026, sources told Bloomberg.

消息人士告訴彭博社說，加密貨幣交易所Kraken正在與高盛和摩根大通（JPMorgan Chase）合作，在2026年初計劃的公開上市之前，高達10億美元的債務。

The two banks are already speaking with other financial institutions and direct lenders to pull together the funds. One of the people involved said the amount could end up being as low as $200 million, depending on how the lending discussions play out.

兩家銀行已經在與其他金融機構交談，並直接貸方將資金匯集在一起​​。一名涉及的人表示，這筆款項最終可能低至2億美元，具體取決於貸款討論的發揮。

The debt raise isn’t for day-to-day operations. The money is meant to fund Kraken’s expansion, not to plug any holes. The company is also thinking about raising equity along with the debt, but that’s still undecided, and all terms, including the structure and the final amount, may change before anything is finalized, said the source.

債務加薪不適合日常運營。這筆錢的目的是為Kraken的擴張提供資金，而不是為了堵塞任何漏洞。消息人士稱，該公司還考慮提高股權和債務，但這仍然不確定，包括結構和最終金額在內的所有條款都可能在最終確定之前發生變化。

Founded in 2011, the San Francisco-based company is officially called Payward Inc. and is run by Arjun Sethi and David Ripley, who are co-CEOs. Kraken wants to go public in the first quarter of 2026. That timeline follows a more open stance on crypto under President Donald Trump’s administration, which has relaxed enforcement by U.S. regulators, clearing the way for crypto companies like Kraken to explore listing options.

這家總部位於舊金山的公司成立於2011年，被正式稱為Payward Inc.，由Arjun Sethi和David Ripley經營，他們是Coos。克雷肯（Kraken）希望在2026年第一季度公開公開。該時間表遵循唐納德·特朗普（Donald Trump）總統的政府對加密貨幣的更公開立場，該政府在美國監管機構的執法方面放鬆了執法，為像Kraken這樣的加密貨幣公司掃清了道路，以探索上市方案。

Kraken prepares for IPO with acquisitions and high revenue

Kraken為IPO準備收購和高收入

Kraken just bought NinjaTrader, a retail-focused futures trading platform, for $1.5 billion last week. The company had already been talking about raising pre-IPO funding before the acquisition.

克萊肯（Kraken）上週以15億美元的價格購買了以零售為重點的期貨平台Ninjatrader。該公司已經談論在收購之前籌集IPO前資金。

In January 2025, Kraken disclosed $1.5 billion in revenue for 2024, a 128% increase from the previous year. The exchange also reported $380 million in adjusted EBITDA, claims to operate in over 190 countries, has more than 10 million users, and handles over $207 billion in trading volume per quarter, based on numbers published on its website.

2025年1月，Kraken披露了2024年的15億美元收入，比上一年增加了128％。該交易所還報告了3.8億美元的調整EBITDA，聲稱在190多個國家 /地區運作，擁有超過1000萬用戶，並且根據其網站上發布的數字，每季度的交易量超過2070億美元。

“We are always exploring strategic paths toward Kraken’s Mission: accelerating the global adoption of crypto. We remain fully focused on investing in this goal,” a Kraken spokesperson stated in response to a Cryptopolitan query.

“我們一直在探索針對克雷肯使命的戰略途徑：加速全球加密貨幣。我們仍然完全專注於投資於這一目標，”克雷肯發言人在回應加密貨幣查詢時說道。

Kraken is also trying to bring a well-known company onto its board to help with the IPO push. That process is still in the discussion phase. So far, there are no signed agreements or official documents. The talks have involved only verbal exchanges about terms and valuations, according to the report.

克雷肯（Kraken）還試圖將一家知名的公司帶入其董事會，以幫助進行IPO推動。該過程仍處於討論階段。到目前為止，還沒有簽署的協議或官方文件。該報告稱，談判僅涉及關於條款和估值的口頭交流。

Kraken has talked about going public for years, but earlier plans were delayed by the crypto market crash and legal fights with the U.S. Securities and Exchange Commission (SEC). In 2023, Kraken settled one case with the SEC, though it got sued again last year, this time accused of running an unregistered securities broker, a clearing agency, and an exchange. These were the same charges that the SEC filed against Coinbase, the biggest U.S. crypto exchange, and Kraken fought back against the lawsuit. The case was dismissed on March 3, as Cryptopolitan reported, which was just one more action that proved the new SEC isn’t the old SEC.

克雷肯（Kraken）已經談到了多年公開場合，但與美國證券交易委員會（SEC）（SEC）的加密貨幣市場崩潰和法律鬥爭延遲了較早的計劃。 2023年，克雷肯（Kraken）與SEC解決了一個案件，儘管去年再次起訴，但這次被指控經營一家未註冊的證券經紀人，一家清算機構和一個交易所。這些是美國證券交易委員會針對美國加密貨幣交易所最大的Coinbase提出的指控，而Kraken則反對訴訟。正如Cryptopolitan報導的那樣，該案於3月3日被駁回，這只是證明新SEC不是舊SEC的另一種行動。

SEC pulls back on crypto lawsuits after Trump’s win

特朗普獲勝後，SEC撤回加密訴訟

The SEC started the year by throwing out or pausing at least eight different crypto enforcement cases. The change came quickly after Gary Gensler stepped down as SEC Chair in late January. He is expected to be replaced by former commissioner Paul Atkins, with Mark Uyeda holding the job until the confirmation goes through on March 27. Trump had promised during his campaign to fire Gensler on day one. That promise was well received by the crypto industry, which had clashed with Gensler’s enforcement approach.

SEC在本年度開始，拋出或暫停至少八個不同的加密執法案件。在1月下旬加里·加斯勒（Gary Gensler）辭去SEC主席後，這一變化很快就發生了。預計他將被前專員保羅·阿特金斯（Paul Atkins）取代，馬克·烏耶達（Mark Uyeda）擔任這份工作，直到3月27日確認為止。特朗普在競選期間承諾在第一天就解雇了Gensler。加密貨幣行業接受了這一承諾，該行業與Gensler的執法方法發生了衝突。

After Trump’s win, Bitcoin hit a record high, although it later dropped 25% following new tariff announcements that hit global markets. But Trump’s win signaled a shift that crypto executives had been hoping for.

在特朗普獲勝後，比特幣達到了創紀錄的高度，儘管後來在全球市場上的新關稅公告下降了25％。但是特朗普的勝利標誌著加密高管一直希望的轉變。

John Reed Stark, who used to lead SEC enforcement and now works as a consultant, said, “It’s a multifaceted demolition of the most successful SEC enforcement program in history.” Stark added, “We’re going to grind to a screeching halt every single aspect of the SEC crypto enforcement program in a manner that’s not just unprecedented and unusual, it’s beyond imagination.”

約翰·里德·史塔克（John Reed Stark）曾領導SEC執法，現在擔任顧問，他說：“這是對歷史上最成功的SEC執法計劃的多方面拆除。” Stark補充說：“我們將以SEC加密執法計劃的各個方面的尖叫聲，不僅是前所未有的和不尋常的，而且是超越想像力的。”

Under former President Joe Biden, the U.S. was seen by many in the industry as a lost cause. Major companies like Coinbase and Ripple shifted hiring overseas. But things are swinging back. In January, Ripple posted 75% of its job openings in the U.S.

在前總統喬·拜登（Joe Biden）的領導下，美國許多人都將美國視為失去的事業。 Coinbase和Ripple等主要公司將僱用在海外。但是事情正在倒退。 1月，Ripple在美國發布了75％的工作空缺

New SEC leadership sets up crypto taskforce

新的SEC領導力設置了加密工作組

Since January 21, the SEC has overhauled its internal structure on crypto. The old crypto division was replaced with a Cyber and Emerging Technologies Unit, as well as a crypto taskforce that will work with people in the industry to help write new rules. The taskforce’s findings have already shaped agency decisions.

自1月21日以來，SEC已在加密貨幣上大修了其內部結構。舊的加密部門被一個網絡和新興技術部門取代，以及一個將與業內人士合作以幫助編寫新規則的加密貨幣工作組。該工作隊的發現已經塑造了代理決定。