Kraken recently launched a multi-departmental restructuring to prepare for its U.S. IPO in 2026

ChainCatcher news, according to Decrypt, the cryptocurrency exchange platform Kraken has recently initiated a multi-departmental restructuring, reducing redundant positions and strengthening its core business lines. Kraken responded that it is preparing for an IPO in the United States in 2026, marking the second round of restructuring since the 15% layoffs in October 2024, aiming to implement a flatter management structure.

After the U.S. Securities and Exchange Commission (SEC) withdrew its lawsuit against Kraken's parent company Payward Inc. in March, Kraken confirmed its IPO plans. It is currently in discussions with investment banks such as Goldman Sachs and JPMorgan to raise pre-IPO expansion financing through the issuance of $1 billion in bonds. If it successfully goes public in the U.S., it will become the second publicly listed cryptocurrency exchange platform in the U.S. after Coinbase.