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Cryptocurrency exchange Kraken is preparing for an initial public offering (IPO) amid a more favorable regulatory environment in the US.
Officially known as Payward Inc., the company is targeting an IPO in the first quarter of 2026, according to sources familiar with the matter who requested anonymity. One of the sources mentioned that plans could still change before they are finalized.
This development comes right after the SEC agreed to drop its case against Kraken. Previously, the company was forced to shut down its staking services in the US but now aims to accelerate market expansion under the new regulatory approach.
The IPO preparations are seen as a crucial step for major players in the crypto sector and their growth strategies. Leading digital assets like Bitcoin and Ethereum remain sensitive to such developments.
The decreasing regulatory uncertainty in crypto markets could create new opportunities for investors.