Kraken boss signals IPO still in play despite reports of pause

Kraken’s market valuation has dropped from $20 billion to $13.3 billion since the company confidentially filed for an IPO with the SEC in November.

Crypto exchange Kraken has hinted it is still going ahead with an initial public offering despite reports suggesting the plan was put on hold last month due to market conditions. 

Kraken filed for a confidential IPO with the US Securities and Exchange Commission in November, but an unconfirmed report in March suggested that the plan may have been frozen. 

Speaking at the Semafor World Economy 2026 conference on Tuesday, Kraken co-CEO Arjun Sethi didn’t address the pause but confirmed the company had “confidentially filed” for an IPO when asked by Semafor reporter Rohan Goswami whether “there are plans to take Kraken public soon.”

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