Kraken Moves Toward IPO as Valuation Drops to $13.3B

TLDR Kraken confirmed that it confidentially filed for an initial public offering, according to co-CEO Arjun Sethi. The company secured a $13.3 billion valuation in April, down from its $20 billion peak in late 2025. Arjun Sethi said Kraken plans to offer institutional-grade trading tools to retail users. Kraken obtained a master account with the [...]

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