After a series of delays, cryptocurrency exchange Kraken has revealed that it is nearing readiness for an initial public offering (IPO). Co-CEO Arjun Sethi stated at Consensus Miami on May 5 that the company is approximately 80% ready to go public. This announcement comes as a significant update in the crypto industry's ongoing efforts to gain mainstream acceptance.
Kraken had previously delayed its IPO earlier this year due to challenging market conditions, including weak crypto prices and decreased trading volumes. However, with the surge in crypto IPO activity in 2025, it appears that the exchange is now preparing for another attempt at going public.