Cryptocurrency exchange Kraken is preparing to go public, capitalizing on improved regulatory conditions in the United States under President Donald Trump’s administration.
The company, legally registered as Payward Inc., is reportedly planning an initial public offering as early as the first quarter of next year.
What Happened: While the decision is not yet finalized, sources familiar with the matter indicate that Kraken is actively working towards a public listing, according to a Bloomberg report on Mar. 7.
In a statement addressing the speculation, Kraken emphasized its dedication to financial transparency.
“We recently disclosed our 2024 financial highlights to improve transparency, following our lead in publishing proof-of-reserves. We will continue prioritizing openness and will pursue public markets when it aligns with the interests of our clients, partners, and shareholders,” the company …
