ET NEWS

Cryptocurrency exchange ​Kraken ​has put its multibillion-dollar ​initial public offering plan on hold, CoinDesk reported on ‌Wednesday, ⁠citing ⁠two people with knowledge ​of the matterThe company is ​still weighing an IPO, but is ​unlikely to move ⁠ahead until ‌market conditions ​improve, ​according to ⁠the report.The company confidentially filed for ​a U.S. IPO ​in November 2025. Kraken was set to go public in the first ‌quarter of 2026.Initially focused on ​crypto, the ​company ⁠has expanded across asset classes in recent months, including ​equities with the rollout of commission-free trading.