Kraken Files for US IPO, Valued at $20 Billion

Cryptocurrency exchange Kraken has filed confidentially with the SEC for a US initial public offering (IPO), reportedly valued at $20 billion. The move comes after an impressive $800 million funding round that supports further expansion and market penetration. Co-CEOs David Ripley and Arjun Sethi are leading the company through this strategic shift, supported by investors like Citadel Securities, who have expressed optimism regarding Kraken’s potential for shaping future digital innovation in markets.