TechFlow News, May 6: According to CoinDesk, Arjun Sethi, Co-CEO of Kraken, stated at Consensus Miami that the exchange is “about 80% ready” for an IPO but is still waiting for the right timing. Earlier, CoinDesk reported that Kraken had paused its IPO plans after filing a confidential listing application with the U.S. Securities and Exchange Commission (SEC), and may relaunch the process once market conditions improve.
Meanwhile, Kraken has announced a partnership with MoneyGram to address the “last-mile” challenge in converting crypto assets to cash. With approximately 500,000 retail locations worldwide, MoneyGram and Kraken aim to reduce transaction costs using stablecoins and digital assets, and expand crypto adoption in underbanked regions such as Latin America.
