Bloomberg: Kraken plans to IPO as early as the first quarter of 2026

PANews March 8 news, according to Bloomberg, people familiar with the matter revealed that Kraken's official name is Payward Inc., which is seeking to go public as early as the first quarter of next year. Kraken reported earlier this year that the company's revenue more than doubled to $1.5 billion in 2024, with adjusted earnings of $380 million. Founded in 2011, Kraken raised only about $27 million in initial capital.

With the crypto industry’s IPO market open, Kraken is one of many cryptocurrency companies preparing to go public. Other companies considering listing include stablecoin issuer Circle, digital asset custodian BitGo, and cryptocurrency exchanges such as Gemini and Bullish.