Kraken Revives US IPO Plans Amid Cryptocurrency Market Recovery

Kraken, one of the largest cryptocurrency exchanges in the world, is once again moving forward with its plans for an initial public offering (IPO) in the United States. The company's decision to resume its listing strategy coincides with the recovery of the cryptocurrency market from a recent downturn.

The valuation of Kraken has decreased to $13.3 billion, down from $20 billion in November 2025, following a secondary transaction involving its parent company Payward, Inc., and Deutsche Börse. The deal is expected to close in the second quarter of 2026, pending regulatory approval.