Kraken Files Confidential U.S. IPO Registration After Months Of Speculation

Kraken has confidentially filed a draft Form S-1 with the U.S. SEC for a potential IPO, confirming long-running speculation about its public-listing plans. The filing comes shortly after co-CEO Arjun Sethi said the exchange was not rushing to go public.

The move follows an $800 million raise earlier this year that pushed Kraken’s valuation to $20 billion. Other exchanges including Gemini and Coinbase have already gone public, while Grayscale also revealed its own S-1 filing this week.

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