According to a report from Bloomberg, Kraken, a leading cryptocurrency exchange, is preparing for an early public offering (IPO) next year.
The IPO is expected to occur in the first quarter of 2026. Within the Trump administration's Uber Prostance on digital assets, the timing seems perfect.
Kraken will publish after double revenue in 2024
San Francisco-based Crypto Exchange reported revenue of $1.5 billion in 2024, more than double the previous year's $671 million. The potential IPO Kraken'Stiming comes after finishing the year with $42.8 billion in assets across its platforms, with 2.6 million funding accounts and $42.8 billion in assets.
Communication with Bloomberg News, Kraken said. “We recently revealed that the financial highlights of 2024 are more transparent about our business. This was what we started with first revealing our spare proofs and will continue to prioritize them.”
Crypto Exchange has concluded its dialogue with Bloomberg, saying it “pursuing an open market because it makes sense to its clients, partners and shareholders.”
Recently, Kraken has expanded from simply being a crypto exchange. In October 2024, we launched KBTC, a Bitcoin token native, wrapped for the platform.
Around the same time, the company announced the launch of Ink, a blockchain built on an optimistic super chain. Kraken said the goal is to provide distributed finance (Defi) to a larger audience. Ink is used for Defi Trading, Lonowing, and Lending.
Exploration: Solana Validators are set to vote for upgrades as the first Layer-2 Solax storm is ahead of the $25.6 million raised pre-sale
Kraken wants to follow in Coinbase's footsteps.
A huge day of crypto with Nasdaq's Coinbase IPO set. The 1Q21 performance is incredible. A top line of $1.8 billion with 56 million users.
The price of the reference list $250 means a valuation of $65 billion, but the FTX Pre-IPO contract is well above $500, pointing to the massive pop on the first day
pic.twitter.com/quccqsqvkh
– Koshiek Karan (@iamkoshiek) April 14, 2021
With the release of Kraken, one of the world's largest crypto exchanges, we will be participating in Coinbase and other events, which were released in April 2021.
Coinbase skirted the traditional IPO process and listed its inventory directly. This allowed employees and existing shareholders to sell their shares immediately at a market-based price.
Coinbase followed tech companies like Spotify, Slack and Roblox by going directly to the list route. These three were also listed directly and helped normalize the process.
April 14, 2021 was the date Coinbase became a public company for NASDAQ Exchange directly through its stock list. Excluding options and limited inventory units, the major Crypto Exchange finished its opening day with a market capitalization of approximately $62 billion.
The shares opened at $381 and quickly reached $429.54 before falling below the debut price and reaching a low of around $310.
In January 2023, Coin was on low life support of $33,26 per Yahoo's finances. So did Coin when the crypto market began to show signs of life. In December 2024, after tapping $343, the current price has now reached $217.
Kraken expects to see the same success as Coinbase, although there is no 90% drawdown during the peak of the bear market.
Discover: Best New Cryptocurrencies to Invest in 2025
For the latest market updates, please join us in the discrepancy in 99bitcoins news here
Kraken Exchange aims to go to public IPOs in 2026
-
Kraken is looking at Q1 2026 for IPO
-
The company aims to be the best time to launch an IPO
-
Good timing from Kraken when Donald Trump's administration moves to code
-
Kraken hopes for a successful launch, as well as Coinbase, the first crypto company to be released
The postcrypto is down, but we are currently boys in the IPO. Everything you need to know about KrakenIPO 2026 was first introduced in 99 Bitcoin.
