Crypto Exchange Kraken Said to Prepare for IPO in 2026

Cryptocurrency exchange Kraken is readying to go public amid a friendlier regulatory climate in the US under President Donald Trump.

Known officially as Payward Inc., Kraken is seeking to go public as soon as the first quarter of next year, according to people with knowledge of the matter who asked for anonymity because the decision hasn’t been made public. The plans could still change before then, one of the people said.

“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 ...