Kraken Confirms Confidential U.S. IPO Filing; Deutsche Börse to Invest $200M for 1.5% Stake
Crypto exchange Kraken has confidentially filed for a U.S. initial public offering, co-CEO Arjun Sethi told CNBC, confirming earlier reports. The company had previously submitted a draft S-1 in November 2025 without providing a timeline, after earlier putting IPO plans on hold during a market downturn. Separately, Deutsche Börse Group is expected to invest $200 million for an approximately 1.5% stake in Kraken.