Kraken's co-CEO confirms IPO filing still active despite reported pause.

Kraken's co-CEO Arjun Sethi confirmed that the cryptocurrency exchange's confidential IPO filing process remains active, despite reports of a pause. The company has not disclosed a timeline, pricing, or valuation for the IPO. This follows Kraken's $800 million funding round valuing it at $20 billion and a recent $200 million investment by Deutsche Börse Group. The IPO aims to democratize access to advanced financial tools, with Kraken evolving through acquisitions and gaining access to Fedwire, a key U.S. payment system.