Kraken’s IPO Plans: The Most Exciting Thing Since Sliced Bread! 🥖🚀

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What to know:

  • In a plot twist that could only be rivaled by a particularly convoluted soap opera, crypto exchange Kraken is contemplating an initial public offering (IPO) by the first quarter of 2026. This decision comes after the U.S. regulatory environment decided to stop playing hard to get.
  • In a shocking turn of events, the Securities and Exchange Commission (SEC) has decided to drop its suit against Kraken, allowing the company to peek into the public markets like a kid in a candy store. 🍭

So, it appears that Kraken is ready to dip its toes into the IPO pool by 2026, believing that the regulatory waters have finally warmed up enough to make a splash. Bloomberg, in its infinite wisdom, has reported this juicy tidbit, citing sources who are probably just as confused as the rest of us.

Once upon a time, Kraken found itself in the SEC’s crosshairs, much like a deer caught in the headlights of a very large and very bureaucratic vehicle. However, with the SEC now in full retreat mode, reminiscent of a cat that has just realized it’s been spotted, Kraken is ready to consider its public debut.

“We’ll pursue public markets as it makes sense for our clients, our partners, and shareholders,” said Kraken, probably while sipping a cup of coffee and contemplating the meaning of life. They originally aimed to go public by 2022, but as we all know, time is a slippery concept in the world of crypto.

And they’re not alone! A whole host of crypto companies are gearing up for IPOs in the coming years. Circle, the mastermind behind the USDC stablecoin, is reportedly working on a listing, as is the crypto exchange Bullish, the proud parent of CoinDesk. It’s like a crypto family reunion, but with more spreadsheets and fewer awkward conversations.

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2025-03-08 01:39