TechFlow News, April 15: According to CNBC, Arjun Sethi, Co-CEO of global major cryptocurrency exchange Kraken, confirmed on April 14 that the company has confidentially filed its initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC). This IPO filing formally advances the plan first announced in November last year. Data shows Kraken’s latest valuation stands at approximately $13.3 billion—significantly down from $20 billion as of November 2025. Previously, Kraken had paused its IPO plans amid a downturn in the cryptocurrency market.
Earlier reports indicated that Deutsche Börse Group has committed to invest $200 million in exchange for a 1.5% fully diluted ownership stake in Kraken.
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