Kraken Initiates Organizational Restructuring to Pursue U.S. Listing in 2026

BlockBeats News, April 18th. According to Decrypt, the cryptocurrency exchange platform Kraken recently initiated a multi-departmental restructuring to reduce redundant positions and strengthen core business lines. Kraken responded by stating that it is preparing to go public in the United States by 2026. This is the second round of organizational reduction since a 15% workforce reduction in October 2024, aiming to implement a flatter management structure.

After the U.S. Securities and Exchange Commission (SEC) dropped a lawsuit against its parent company Payward Inc. in March, Kraken confirmed its plans for an IPO. It is currently in discussions with investment banks such as Goldman Sachs and JPMorgan Chase, planning to raise $1 billion through a bond issuance for pre-listing expansion financing. If successfully listed in the United States, it will become the second U.S. cryptocurrency exchange to go public after Coinbase.