- The Kraken plans to become public with an IPO during the first quarter of 2026, after Sec’s lost trial in March 2025.
- Crypto Exchange reported $ 1.5 billion in revenue in 2024 and collected $ 100 million in a funding round before IPO.
Crypto Exchange Giant Kraken, also known as Payward Inc, prepares to go public in 2026. According to the latest Bloomberg Report, the exchange is planning for a first public offer (IPO) during the first quarter of 2026.
The company’s representative claims that plans can undergo adjustments before the scheduled date. The company made this announcement following Securities and Exchange Commission (SEC) decision to release its legal action against the Kraken.
Regulatory comfort opens the door to public markets
The Kraken is facing legal action from Securities and Exchange Commission (SEC) during the Biden administration just like many other Cryptocurrency companies. In November 2023, the exchange met a legal complaint that accused it of acting as an unregistered securities exchange and violations of securities laws.
But when the government changed and Trump became the president, the SEC’s attitude to the crypto gym has changed significantly. The new administration focused on promoting the growth of the cryptos sector, and this led Second To release the legal dispute in March 2025.
The Craken pronounced on this,
“We recently revealed financial highlights in 2024 to be more transparent about our business, which is something we started by first publishing evidence of reserves, and we will continue to prioritize in the future. We will run public markets because it makes sense for our customers, our partners and shareholders. “
The collar Come under the top ten cryptout exchange list all over the world. It generated over $ 1.5 billion in revenue in 2024. The plans for the IPO have been made since 2021 and 2024 collected the exchange over $ 100 million in a funding round before IPO.
As the control method against the crypto market changes, more and more crypto companies are planning for IPO. CircleThe company behind the USDC Stablecoin also plans for a public list.
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