Cryptocurrency exchange Kraken plans to go public in the first quarter of 2026

Odaily Planet Daily News: Cryptocurrency exchange Kraken plans to go public in the first quarter of 2026, and it is expected that with the improvement of the regulatory environment in the United States under the Trump administration, an IPO will become possible. The company has been considering going public for many years, but the process has been delayed due to regulatory challenges from the Securities and Exchange Commission (SEC). Earlier this month, Kraken announced that the SEC would withdraw the lawsuit against its case and no longer file charges. Kraken, headquartered in San Francisco, achieved strong growth in 2024 with revenue exceeding $1.5 billion and adjusted profit of $380 million. Kraken is currently the tenth largest cryptocurrency exchange in the world, founded in 2011, and has raised approximately $27 million in initial funding. (Bloomberg)