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20/11/25 00:17 UTC-04

Crypto Exchange Kraken Files Confidential IPO Application in the U.S.

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Exchanges Crypto Exchange Kraken Files Confidential IPO Application in the U.S.

Cryptocurrency exchange Kraken has announced that it has confidentially submitted Form S-1 to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock. The filing does not include details regarding timing, the number of shares, or pricing. However, earlier reports indicated that Kraken was planning an IPO in early 2026.

The document was filed with the SEC less than a week after Kraken’s co-CEO Arjun Sethi said in an interview that the exchange was not rushing to go public. Since 2024, there have been reports suggesting that Kraken was preparing for an IPO, but the company mostly refrained from commenting until now.

The IPO submission came less than 24 hours after the exchange announced that its valuation had reached $20 billion, following $800 million raised across two funding rounds in 2025.

Kraken, founded in 2011, is one of the oldest cryptocurrency trading platforms. According to the press release, its product portfolio includes more than 450 digital assets, U.S. futures, stocks, ETFs, and institutional services.

See also: "Crypto Exchange Coinbase to Launch Its Own Prediction Platform"

#IPO #Kraken #USA

Editor: Yulia Krasnaya
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