Kraken Heads to Stock Market: IPO Planned for 2026

• Kraken prepares IPO for 2026.
• Pro-crypto era boosts market.
• Transparency as a priority at Kraken.

In a significant development, cryptocurrency exchange Kraken is gearing up for its initial public offering (IPO) in the first quarter of next year 2026, according to as information shared by Bloomberg. The strategic move comes amid changes in the regulatory landscape in the United States, with President Donald Trump's administration adopting a more favorable stance towards the cryptocurrency sector.

According to the publication, sources reported that Kraken's IPO plans are moving forward quickly, and the company is preparing the terms for its offering. It is worth noting that, in 2021, the exchange had already considered going public.

A Kraken spokesperson highlighted The Block shared the company’s concern with transparency. “We recently released our 2024 financial highlights to be more transparent about our business, something we started by being the first to publish proof of reserves and will continue to prioritize going forward,” he told the report. “We will pursue public markets as it makes sense for our customers, our partners and our shareholders,” he added.

Kraken’s IPO is seen as a major milestone for the cryptocurrency market, signaling the growing maturity and adoption of the sector. The cryptocurrency exchange’s IPO could attract new investors and boost the growth of the market as a whole.

The decision to accelerate Kraken’s IPO plans comes after the SEC dropped its lawsuit against the exchange over alleged securities law violations earlier this month. The withdrawal of the lawsuit, coupled with the government’s more supportive stance, has boosted Kraken’s optimism about an IPO.

SEC dismisses Kraken lawsuit without penalties

The legal dispute between Kraken, one of the leading cryptocurrency exchanges in the United States, and the US Securities and Exchange Commission (SEC) recently came to an end without any penalties or admissions of guilt. Second information from Kraken, the American regulatory body decided to withdraw its action, closing the case with an agreement that does not imply changes in the company's operations or fines.

The settlement between the parties was reached “in principle,” marking an unprecedented retreat by the SEC from acknowledging wrongdoing by Kraken. The exchange stressed that the SEC’s action was dismissed “with prejudice,” meaning there was no admission of wrongdoing.