Kraken, Consensys, and BitGo are advancing plans for initial public offerings (IPOs) in 2026, according to recent on-chain news. These companies, which operate across exchanges, wallets, custody, and hardware sectors, are part of a broader trend of major crypto firms preparing to go public. A BiyaPay analyst highlighted that secondary markets are increasingly emphasizing compliance progress, revenue quality, and risk control as key factors in pricing. The shift towards compliance is becoming a significant determinant in the valuation of crypto companies. BiyaPay, which facilitates USDT trading for US and Hong Kong stocks and futures, offers maker fees at 0%, reflecting its strategic positioning in the evolving market landscape.