Kraken Plans IPO in 2026: What’s Next for the Crypto Exchange?

Kraken Plans IPO in 2026- Is the Crypto Exchange Ready for Wall Street?

Kraken Plans IPO in 2026– Kraken, the popular cryptocurrency exchange known legally as Payward Inc., is exploring the possibility of an initial public offering (IPO) as early as the first quarter of 2026. While the company is moving forward with plans to go public, it has not ruled out the possibility of changing direction. Bloomberg first reported this development, citing sources familiar with the matter.

A Kraken spokesperson confirmed the news to The Block, stating that the company recently disclosed financial highlights for 2024 as part of its commitment to transparency. “We recently disclosed 2024 financial highlights to be more transparent about our business, which is something we started by being first to publish proof of reserves and we’re going to continue to prioritize going forward,” the spokesperson said. The company’s approach aligns with its goal of fostering transparency, and Kraken plans to explore public markets as it aligns with the interests of its clients, partners, and shareholders.

Kraken reported a significant milestone in 2024, generating over $1.5 billion in revenue. The exchange had first considered going public as early as 2021, with additional talks about raising over $100 million in a pre-IPO funding round in mid-2024. As of now, Kraken joins other crypto giants like Gemini and eToro in considering public listings, aided by a more crypto-friendly approach from the Securities and Exchange Commission (SEC), which would have to approve any potential plans.

Kraken’s IPO Potential and SEC’s Role

Kraken’s plans for an IPO follow a positive shift in the SEC’s stance toward cryptocurrency. This development comes after the SEC dropped its case against Kraken in early March 2026, which had been based on alleged violations of securities laws. With this new regulatory climate, Kraken is optimistic about its public offering prospects, though approval from the SEC remains essential for the IPO’s success.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.