Kraken Reports 19% Revenue Increase, Eyes IPO in Early 2026

Kraken, a prominent cryptocurrency exchange, saw its revenue surge by 19% to reach $471.7 million during the first quarter of 2025. The company attributes this growth to a more active crypto market and increased trading activity. Kraken is now planning a potential initial public offering (IPO) in early 2026, despite facing headwinds from a volatile IPO market following recent tariff announcements by President Trump.