Kraken Reportedly Confirms Confidential IPO Filing as Valuation Falls to $13.3B
Kraken has confidentially filed for an IPO, with its valuation now at $13.3 billion.Summary
Cryptocurrency exchange Kraken has confidentially filed for an Initial Public Offering (IPO), as confirmed by co-CEO Arjun Sethi. This move signifies a renewed attempt to enter public markets after previous plans were postponed due to market volatility. The company was valued at $13.3 billion in a recent funding round, a decrease from its peak valuation of $20 billion in late 2025. Kraken aims to provide institutional-grade trading tools to retail users. The exchange also recently secured a master account with the Federal Reserve Bank of Kansas City, enabling direct dollar settlements. In parallel, Kraken disclosed a $200 million investment from Deutsche Börse and addressed two insider-related security incidents that affected a small percentage of client accounts but did not compromise funds or trading systems.
(Source：Bitcoin Magazine)