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Investing.com -- Cryptocurrency exchange Kraken, officially known as Payward Inc., is preparing to go public in the first quarter of 2026, according to Bloomberg, citing anonymous sources. The decision has not been made public and the plans could still change in the future.
The move towards a public offering comes amid a more favorable regulatory environment in the U.S under the presidency of Donald Trump. The Securities and Exchange Commission (SEC) has recently agreed to drop its case against Kraken, further clearing the path for the exchange’s public debut.
In an effort to increase transparency about its business, Kraken disclosed financial highlights from 2024. This is a continuation of the exchange’s efforts to be transparent, which began with the publication of proof of reserves. The company stated in a response to a query from Bloomberg News, "We’ll pursue public markets as it makes sense for our clients, our partners and shareholders."
The exact timing of Kraken’s public offering is targeted for the first quarter of 2026, but could potentially change as the company continues to evaluate its strategic options.
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