Kraken is shelving its IPO after filing confidentially with the SEC in November, as a weakening market and a struggling BitGo listing dampen enthusiasm for 2026 crypto offerings.
Posted March 18, 2026 at 7:04 pm EST.
The 2026 crypto IPO market is proving harder than 2025 suggested it would be. Kraken has paused its plans to go public, citing difficult market conditions, according to CoinDesk reporting, with sources saying the exchange may revisit a listing when conditions improve.
Kraken filed confidentially with the SEC in November, the same week it raised $800 million at a $20 billion valuation, including $200…
