Kraken has filed for an initial public offering (IPO) in the U.S., as confirmed by a source to CNBC. The timing of the IPO remains unclear, with a company spokesperson not providing details. This move comes amid a growing trend of crypto companies seeking public listings, especially after former President Donald Trump returned to the White House. Other platforms like Bullish and Gemini Space Station recently made their market debuts, and Circle, a stablecoin issuer, raised over $1 billion in June. Founded in 2011, Kraken has established itself as a significant player in the cryptocurrency market, facilitating trades in digital assets such as bitcoin and ether. The company also provides tokenized equity trading for clients in the European Union. Recently, Kraken raised $800 million at a valuation of $20 billion, with Citadel Securities contributing $200 million to this funding round. The firm plans to leverage this capital to expand internationally and enhance its payment services.