Kraken Delays Initial Public Offering Amid Crypto Bear Market

Kraken, a leading cryptocurrency exchange, has put its plans for an initial public offering (IPO) on hold due to the current bear market conditions. The company had confidentially filed for a US listing in November 2025 and was expected to go public in early 2026.

The decision to delay the IPO is a reflection of the broader slowdown in crypto IPO momentum after a strong 2025 listing wave. Several high-profile companies, including Circle, Bullish, Gemini, Figure, and eToro, went public in the US last year, but their performance remains closely tied to crypto price cycles.

Kraken's delay is not unique, as other companies are also reassessing their IPO plans due to market conditions. NFT platform OpenSea recently postponed its SEA token launch plans for similar reasons.