Cryptocurrency exchange Kraken plans to go public in the first quarter of 2026 as US regulatory conditions improve under the Trump administration.

The company, officially known as Payward Inc., has considered an IPO for years but faced regulatory challenges, including cases from the Securities and Exchange Commission.

Earlier this month, Kraken announced that the SEC would drop its case without imposing charges.

The San Francisco-based exchange reported strong growth in 2024, with revenue exceeding US$1.5 billion and adjusted earnings of US$380 million.

Ranked as the tenth-largest crypto exchange by trading volume, Kraken joins firms like Gemini, Circle, and BitGo in exploring IPOs as the market recovers.

Founded in 2011, it has raised about US$27 million in primary funding.

Recent Kraken developments