Kraken正在与高盛（Goldman Sachs）和摩根大通（JPMorgan Chase）合作，在计划的公开上市之前，最高可偿还10亿美元的债务

据彭博社报道，克雷肯（Kraken）正在与高盛（Goldman Sachs）和摩根大通（JPMorgan Chase）合作，在2026年初计划公开上市之前，高达10亿美元的债务。

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.

消息人士告诉彭博社说，加密货币交易所Kraken正在与高盛和摩根大通（JPMorgan Chase）合作，在2026年初计划的公开上市之前，高达10亿美元的债务。

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.

两家银行已经在与其他金融机构交谈，并直接贷方将资金汇集在一起​​。一名涉及的人表示，这笔款项最终可能低至2亿美元，具体取决于贷款讨论的发挥。

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.

债务加薪不适合日常运营。这笔钱的目的是为Kraken的扩张提供资金，而不是为了堵塞任何漏洞。消息人士称，该公司还考虑提高股权和债务，但这仍然不确定，包括结构和最终金额在内的所有条款都可能在最终确定之前发生变化。

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.

这家总部位于旧金山的公司成立于2011年，被正式称为Payward Inc.，由Arjun Sethi和David Ripley经营，他们是Coos。克雷肯（Kraken）希望在2026年第一季度公开公开。该时间表遵循唐纳德·特朗普（Donald Trump）总统的政府对加密货币的更公开立场，该政府在美国监管机构的执法方面放松了执法，为像Kraken这样的加密货币公司扫清了道路，以探索上市方案。

Kraken prepares for IPO with acquisitions and high revenue

Kraken为IPO准备收购和高收入

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.

克莱肯（Kraken）上周以15亿美元的价格购买了以零售为重点的期货平台Ninjatrader。该公司已经谈论在收购之前筹集IPO前资金。

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15亿美元收入，比上一年增加了128％。该交易所还报告了3.8亿美元的调整EBITDA，声称在190多个国家 /地区运作，拥有超过1000万用户，并且根据其网站上发布的数字，每季度的交易量超过2070亿美元。

“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.

“我们一直在探索针对克雷肯使命的战略途径：加速全球加密货币。我们仍然完全专注于投资于这一目标，”克雷肯发言人在回应加密货币查询时说道。

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）还试图将一家知名的公司带入其董事会，以帮助进行IPO推动。该过程仍处于讨论阶段。到目前为止，还没有签署的协议或官方文件。该报告称，谈判仅涉及关于条款和估值的口头交流。

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）已经谈到了多年公开场合，但与美国证券交易委员会（SEC）（SEC）的加密货币市场崩溃和法律斗争延迟了较早的计划。 2023年，克雷肯（Kraken）与SEC解决了一个案件，尽管去年再次起诉，但这次被指控经营一家未注册的证券经纪人，一家清算机构和一个交易所。这些是美国证券交易委员会针对美国加密货币交易所最大的Coinbase提出的指控，而Kraken则反对诉讼。正如Cryptopolitan报道的那样，该案于3月3日被驳回，这只是证明新SEC不是旧SEC的另一种行动。

SEC pulls back on crypto lawsuits after Trump’s win

特朗普获胜后，SEC撤回加密诉讼

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在本年度开始，抛出或暂停至少八个不同的加密执法案件。在1月下旬加里·加斯勒（Gary Gensler）辞去SEC主席后，这一变化很快就发生了。预计他将被前专员保罗·阿特金斯（Paul Atkins）取代，马克·乌耶达（Mark Uyeda）担任这份工作，直到3月27日确认为止。特朗普在竞选期间承诺在第一天就解雇了Gensler。加密货币行业接受了这一承诺，该行业与Gensler的执法方法发生了冲突。

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.

在特朗普获胜后，比特币达到了创纪录的高度，尽管后来在全球市场上的新关税公告下降了25％。但是特朗普的胜利标志着加密高管一直希望的转变。

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.”

约翰·里德·史塔克（John Reed Stark）曾领导SEC执法，现在担任顾问，他说：“这是对历史上最成功的SEC执法计划的多方面拆除。” Stark补充说：“我们将以SEC加密执法计划的各个方面的尖叫声，不仅是前所未有的和不寻常的，而且是超越想象力的。”

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.

在前总统乔·拜登（Joe Biden）的领导下，美国许多人都将美国视为失去的事业。 Coinbase和Ripple等主要公司将雇用在海外。但是事情正在倒退。 1月，Ripple在美国发布了75％的工作空缺

New SEC leadership sets up crypto taskforce

新的SEC领导力设置了加密工作组

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日以来，SEC已在加密货币上大修了其内部结构。旧的加密部门被一个网络和新兴技术部门取代，以及一个将与业内人士合作以帮助编写新规则的加密货币工作组。该工作队的发现已经塑造了代理决定。