Kraken, a major crypto exchange, has confidentially filed to go public in the U.S., following the trend of other crypto companies like Bullish and Gemini Space Station listing their shares on major stock exchanges. The surge in crypto-related IPOs coincides with a rebound in U.S. IPOs this year.

Established in 2011, Kraken is a U.S.-based platform for trading digital assets like bitcoin and ether. With a recent $800 million raise at a $20 billion valuation, including $200 million from Citadel Securities, Kraken plans to expand its presence in foreign markets and enhance its payment services.

Read more at CNBC: Kraken confidentially files for IPO following $800 million raise