by aria-crypto.com
March 9, 2025 at 14:43
Bloomberg Report: Kraken's Ambitious Leap into Public Markets Amid Crypto Boom
Cryptocurrency exchange Kraken is eyeing an initial public offering (IPO) possibly by the first quarter of 2026, amidst a friendlier regulatory environment suggested by the support of President Trump. Bloomberg sources indicate that while plans are preliminary, they reflect a significant shift towards transparency and market trust. In recent disclosures, Kraken revealed substantial growth, with 2024 revenues hitting $1.5 billion, a stark increase that underlines its preparation for public trading. The anticipated IPO, a first for Kraken, comes after resolving regulatory hurdles with the U.S. Securities and Exchange Commission (SEC), which previously stifled its public market ambitions. This legal milestone, coupled with strategic expansions, positions Kraken among key players such as Coinbase in the race towards public listings, despite facing ongoing litigation in Australia. Kraken's potential move could mark a pivotal moment for itself and the broader crypto industry, aiming to capitalize on increasing market receptivity and political backing for digital assets.
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