Major US Exchange Kraken Submits IPO Application to the SEC, Valued at ¥3.1 Trillion

On the 19th, Kraken, a leading US cryptocurrency exchange, announced that it had filed a confidential registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company has confidentially submitted the Form S-1 for the listing of its common stock, although details such as the number of shares and price range have not been disclosed. The IPO is scheduled to proceed subject to SEC review completion and market conditions, with industry insiders anticipating a listing in the first quarter of 2026. Founded in 2011, Kraken offers spot trading, derivatives, tokenized assets, staking, and payment services. The company is projected to...