As U.S. regulators take a more favorable stance toward cryptocurrency, Bloomberg reports that Kraken’s parent company, Payward Inc., is preparing to launch an initial public offering in 2026.
If successful, the San Francisco-based exchange would become only the second publicly traded U.S. cryptocurrency exchange after Coinbase, which went public in April 2021. A Kraken spokesperson did not comment on a specific timeline, but told Decrypt that going public is indeed on its long-term roadmap.
“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 told Decrypt. “We’ll pursue public markets as it makes sense for our clients, our partners and shareholders.”
While rumors of Kraken going public have circulated online for years, an unfavorable regulatory…
