What to know:

• Kraken is planning to launch an initial public offering (IPO) by early 2026 due to a favorable shift in the U.S. regulatory landscape.
• The U.S. Securities and Exchange Commission (SEC) has withdrawn its lawsuit against Kraken, thus enabling the company to explore public market opportunities.

Crypto exchange Kraken is contemplating an initial public offering (IPO) for the first quarter of 2026, believing that the regulatory landscape in the United States now supports the viability of a public listing, as reported by Bloomberg.

In the past, Kraken faced scrutiny from the SEC during the Biden administration, but under Trump, the SEC has significantly reduced its litigation efforts. It announced in March plans to drop its case against Kraken.

“We’ll pursue public markets as it makes sense for our clients, partners, and shareholders,” Kraken stated when approached for comments by Bloomberg. Kraken had initially aimed for a public listing in 2022.

Several cryptocurrency companies are planning their IPOs for this year and beyond. Companies like Circle, the issuer of the USDC stablecoin, are reportedly preparing for their listings, alongside Bullish, the parent company of CoinDesk.