Crypto exchange Kraken freezes IPO plans, CoinDesk reports

Cryptocurrency exchange Kraken has put its multibillion-dollar initial public offering plan on hold, CoinDesk reported on ‌Wednesday, ⁠citing ⁠two people with knowledge of the matter

The company is still weighing an IPO, but is unlikely to move ⁠ahead until ‌market conditions improve, according to ⁠the report.

The company confidentially filed ​for a U.S. IPO ​in November 2025. Kraken was set to go public in the first ‌quarter of 2026.


Initially focused on crypto, ​the ​company ⁠has expanded across asset classes in recent months, including equities ​with the rollout of commission-free trading.