[CRYPTO]■ STORY TIMELINE

KRAKEN FILES FOR US IPO AS VALUATION DROPS

Kraken has confidentially filed for a US initial public offering, co-CEO Arjun Sethi announced Tuesday. The crypto exchange is currently valued at $13.3 billion, down from a $20 billion peak in late 2025.

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Kraken co-CEO Arjun Sethi says the crypto exchange has confidentially filed for a US IPO; it was valued at $13.3B this month, down from a $20B peak in late 2025 (Cory Schouten/Semafor)

Cory Schouten / Semafor: Kraken co-CEO Arjun Sethi says the crypto exchange has confidentially filed for a US IPO; it wa…

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