Kraken Eyes 2026 IPO Amid Favorable Regulatory Shift in the US

Kraken's parent company, Payward Inc., is preparing for a potential initial public offering (IPO) in 2026, according to a Bloomberg report. This move comes as the regulatory environment in the U.S. shifts towards a more favorable stance on cryptocurrency, particularly with the current administration. If successful, Kraken would be the second U.S. crypto exchange to go public, following Coinbase's IPO in April 2021. Kraken's revenue more than doubled to $1.5 billion in 2024, with adjusted earnings of $380 million. The company settled one case from the US Securities and Exchange Commission and continued to fight another case until the agency agreed to drop it, with no charges or penalties, Kraken announced earlier this month. Kraken is ranked as the tenth-biggest exchange globally by trading volume on the website CoinMarketCap.com.