TechFlow news, according to Bloomberg, cryptocurrency exchange Kraken is actively preparing for an initial public offering (IPO) in the first quarter of 2026. The regulatory environment under President Trump is seen as more favorable toward the crypto industry, becoming a key driving factor for Kraken's decision to go public.
Arjun Sethi, co-CEO of Kraken, along with other crypto industry leaders, recently met with President Trump at the White House, further strengthening ties between the industry and the government. Previously, Kraken's listing plans were hindered by the Biden administration's strict regulation of the crypto sector.
Kraken said its revenue doubled in 2024 to $1.5 billion, with adjusted earnings of $380 million. The company also revealed that recent business expansion and product development have strongly supported its position as the world's tenth-largest exchange.
