Crypto giant Kraken has submitted a draft registration statement for its IPO, officially joining the wave of crypto IPOs.

Kraken, a globally renowned cryptocurrency exchange, recently announced that it has confidentially filed a draft Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), formally initiating its proposed initial public offering (IPO) of common stock. This move ends years of speculation about the company's listing plans.

According to Kraken's announcement, key details of the proposed IPO remain unclear, including the number of shares to be issued and the price range. The announcement emphasizes that the final implementation of the IPO will depend on the progress of the SEC's review process, as well as market conditions and other relevant factors. As a confidential registration statement, the subsequent pace of progress will fully comply with the SEC's review procedures and market dynamics.

It's noteworthy that Kraken's IPO application coincides with a significant resurgence in crypto listing activity. This year, several leading crypto companies, including Bullish, Circle, and Gemini, have launched IPO plans, fueling a continued upward trend in the industry. Earlier this month, Grayscale officially listed on the New York Stock Exchange, marking a significant milestone in the Trump administration's push for the digital asset industry to enter the public market.

As the second-largest cryptocurrency exchange in the US, Kraken's IPO plan is seen by the industry as a crucial signal for the standardization of the crypto sector. Joining the listing queue will not only further strengthen the public market players in the crypto space but also bring more capital attention and resource support to the industry, promoting more robust development of the digital asset industry within a regulatory framework. Currently, the market is closely monitoring the SEC's review of its registration statement and the subsequent disclosure of offering details.