Crypto exchange Kraken is still pursuing an initial public offering, with co-CEO Arjun Sethi confirming the company has confidentially filed with the SEC. This statement comes amidst reports that the IPO plan was recently put on hold.
Sethi's comments at the Semafor World Economy 2026 conference addressed the IPO plans directly when questioned by a reporter. The exchange's market valuation has reportedly decreased from $20 billion to $13.3 billion. This valuation adjustment follows a $200 million investment from Deutsche Börse Group into Kraken's parent company, Payward, which secured a 1.5% stake.
Kraken stated that the investment from Deutsche Börse Group aims to integrate cryptocurrency and traditional finance into a single infrastructure for institutional clients. Sethi also commented on the long-term perspective of going public, suggesting that short-term policy developments do not significantly impact the company's multi-year strategic vision.