Crypto Is Down But We’re IPO Boys Now: Everything to Know About Kraken IPO 2026

Leading cryptocurrency exchange Kraken is preparing for an initial public offering (IPO) next year, according to a report from Bloomberg.

The IPO is slated to happen during the first quarter of 2026. The timing seems impeccable as it comes amid the Trump administration’s uber pro-stance on digital assets.

(@Matthias_Holist)

Kraken To Go Public After Doubling Its Revenue In 2024

The San Francisco-based crypto exchange reported $1.5 billion in revenue for 2024, over double of the previous year’s $671 million. Kraken’stiming for a potential IPO comes after it ended the year with 2.6 million funded accounts and $42.8 billion in assets held across its platform.

It communication with Bloomberg News, Kraken stated; “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 crypto exchange ended its dialogue with Bloomberg by saying, “We’ll pursue public markets as it makes sense for our clients, our partners and shareholders.”

In recent times, Kraken has been expanding from simply being a crypto exchange. In October 2024, it launched kBTC, a wrapped Bitcoin token native for its platform.

Around the same time, the firm announced the launch of Ink, a blockchain being built on Optimism’s Superchain. Kraken stated that the goal is to provide decentralized finance (DeFi) to a wider audience. Ink will be used for DeFi trading, borrowing, and lending.

EXPLORE: Solana Validators Set to Vote on Upgrade as First Layer-2 Solaxy Storms Ahead in Presale with $25.6M Raised

Kraken Hoping To Follow In The Footsteps Of Coinbase, The First Crypto Exchange To Hit The Stock Market

Huge day for crypto with the Coinbase IPO set for the Nasdaq. 1Q21 performance is incredible. $1.8b top line with 56m users.

\n

\n

\n\n\nBy going public, Kraken, one of the world’s biggest crypto exchanges, would join the likes of Coinbase, which went public in April 2021.\nCoinbase skirted the traditional IPO process and listed its stock directly as COIN.\nThe shares opened at $381 and quickly shot up as high as $429 before dropping back below debut price.\nIn January 2023 COIN was at its lowest point at $33 per Yahoo Finance but rebounded significantly later.\nKraken will be hoping for similar success to that of Coinbase without experiencing such significant price fluctuations.