Kraken In Search of $1 Billion In Debt Financing Deal: Bloomberg

Quick Summary:

American digital currency trading platform Kraken is seeking up to $1 billion in debt financing amid a business expansion drive.

According to a Bloomberg report, the crypto exchange plans to raise this money ahead of its planned Initial Public Offering (IPO).

Any funds secured will not be used for operational or in-house needs.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

Topics: Kraken IPO 24/7 Cryptocurrency News Kraken

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 19:23:08 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 159 words

Reading Time: 1 minutes read

Sentences: 37 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27291977

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 29 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #59

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