Kraken CEO says IPO preparations are about 80% complete

U.S. cryptocurrency exchange Kraken is about 80% ready for its initial public offering (IPO), CoinDesk reported. The statement was made by Kraken Co-CEO Arjun Sethi at the Consensus 2026 conference while announcing a partnership with MoneyGram. Kraken has reportedly filed a confidential listing application with the U.S. Securities and Exchange Commission (SEC) and is waiting for favorable market conditions to proceed.