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00:02Kraken co-CEO Arjun Sethi said Tuesday that it has confidentially filed for a U.S. initial
00:07public offering, according to CNBC. The crypto exchange previously submitted a draft Form S-1
00:13to the SEC in November 2025 and said it had not set a timeline for the offering.
00:19Sethi made the comments at the Semaphore World Economy Conference in Washington, D.C.
00:23Kraken said it aims to bring advanced trading strategies to individual investors.
00:27Deutsche Berze Group is committing $200 million for a 1.5% stake that implies a $13.3 billion
00:35valuation, down from a prior $20 billion raise.
00:39Kraken paused IPO plans during a crypto downturn as Bitcoin fell, though the asset has recently
00:44climbed and gained 9% in April.
00:46For all things money, visit Benzinga.com.
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