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Kraken Co-CEO: IPO Preparation at 80%, Partners with MoneyGram

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Kraken co-CEO Arjun Sethi revealed at Consensus Miami that the exchange is 80% ready for an IPO, with timing dependent on market conditions. The company had paused its SEC-related filings and may resume when the regulatory environment improves. Kraken also announced a partnership with MoneyGram to address the "last mile" challenge in crypto-to-cash conversions. The collaboration leverages MoneyGram’s 500,000 retail locations worldwide to promote crypto adoption in underbanked regions through stablecoins and digital assets, aligning with broader global crypto policy initiatives.

According to CoinDesk, Kraken co-CEO Arjun Sethi stated at Consensus Miami that the exchange is “about 80% ready” for an IPO but is still waiting for the right timing. Previously, CoinDesk reported that Kraken paused its IPO plans after secretly filing its application with the U.S. SEC, with plans to restart once market conditions improve. Meanwhile, Kraken and MoneyGram announced a partnership aimed at solving the “last mile” challenge of converting crypto assets to cash. With approximately 500,000 retail locations worldwide, the two companies aim to reduce transaction costs using stablecoins and digital assets, and expand access to crypto in underserved regions such as Latin America.

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