Crypto exchange Kraken confidentially files for US IPO


FILE PHOTO: Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an initial public offering in the U.S., as digital asset companies look to tap the new listings market before the 2026 midterm elections.

The company is poised to become the latest crypto exchange to list in the U.S., fueling competition in a sector where sentiment has turned more upbeat amid support from the Trump administration.

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