Crypto Exchange Kraken is considering an initial public offering (IPO) by the first quarter of 2026. The company reports that it cites people familiar with the issue as it believes the US regulatory environment has been changed sufficiently to make public listings viable.
Like many other companies and executives in the digital asset industry, the exchange once was at the intersection of the Securities and Exchange Commission (SEC) under the Biden administration. But regulators are in a full-scale litigation recession in the first few months of the Trump administration. The SEC said in March it had planned to drop the lawsuit against Kraken.
“We pursue an open market because it makes sense for our clients, partners and shareholders,” Kraken said in response to a request for comment from Bloomberg. Kraken intended to be released by 2022.
Many crypto companies are planning an IPO from next year to 2026. Sircle is said to be working on the list, similar to Crypto Exchange Bullish, the parent company of Coindesk, the company behind USDC Stablecoin.
