Kraken Pushes Toward IPO With New MoneyGram Partnership

Kraken, the crypto exchange, is getting closer to going public and is also expanding its real-world payment options through a new partnership with MoneyGram.

At Consensus 2026 in Miami, Kraken co-CEO Arjun Sethi said the company is “about 80% ready” for an IPO. Kraken had paused its earlier plans to go public after confidential SEC filings, but now seems ready to try again when the market is better.

At the same event, Sethi and MoneyGram CEO Anthony Soohoo called their partnership an important move to solve crypto’s “last mile” problem. Their goal is to connect digital assets with physical cash, especially in places where banking is limited.

MoneyGram has about 500,000 retail locations worldwide, making it easier for crypto users to turn digital assets into cash. Sethi said this is especially helpful in places like Latin America, where many people still rely on cash.

Both leaders also pointed out that stablecoins are helping lower payment costs and make transactions more efficient. Sethi added that crypto companies are now offering many services that banks used to handle.

While Kraken gets ready for a possible IPO, MoneyGram said it is focused on rebuilding for the long term after going private in 2023. Both companies want to make financial access faster, cheaper, and easier for people around the world.

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