
According to The Information, a source as reliable as the morning post, this raise precedes Kraken’s anticipated IPO, scheduled to grace the financial world in the early months of 2026. The exchange, ever the ambitious suitor, has been scaling its operations with a vigor that would make even the most ardent of suitors blush. Notably, it acquired the futures platform NinjaTrader in a deal worth a staggering $1.5 billion, a sum that would surely turn the heads of even the most discerning of investors. Furthermore, the appointment of Mr. Arjun Sethi as co-CEO during a leadership overhaul last autumn has only added to the air of anticipation surrounding this financial titan. In a gesture of transparency that would do credit to any gentleman of the highest moral standing, Kraken has begun to publish its financials, revealing a revenue of $1.5 billion in 2024 and a robust $472 million in the first quarter of 2025. 📊💰