Kraken, the second largest American crypto exchange by trade volume, is reportedly preparing for a public launch.
According to a new report By Bloomberg, Kraken, officially known as Payward Inc., plans a first public offer (IPO) or stock launch in the first quarter of 2026.
Bloomberg quotes sources with knowledge of the case, but they have asked to remain anonymous because the plans still have to be made.
Says cracking,
“We recently announced 2024 financial highlights to be more transparent about our company, something that we started by first publishing proof of reserves and we will continue to prioritize the future. We will pursue public markets because it makes sense for our customers, our partners and shareholders. ”
According to Bloomberg, various crypto companies are planning to become public, after the election of US President Donald Trump, who is seen as a pro-Crypto compared to his predecessor Joe Biden.
Stablecoin Emittent Circle, digital-asset Custodian Bitgo and crypto exchanges, including Gemini and Bullish, have indicated a desire to publicly go.
A sign of the support of the Trump administration of the crypto sector is the US Securities and Exchange Commission (SEC) that drops legal measures that have been started under the BIDEN administration against various digital asset companies.
According to Kraken, the SEC has agreed “in principle” to reject its lawsuit against the stock exchange. Kraken says that the SEC drops the lawsuit “with prejudices, without recognition of misconduct, no fines paid and no changes to our company.”
Kraken claims that the investigation of the SEC politically motivated and merit was.
Kraken’s turnover has more than doubled to $ 1.5 billion in 2024. In the meantime, the top of the American crypto exchange Coinbase reported around $ 6.6 billion in income last year.
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