Kraken's parent company, Payward, secretly filed for an IPO with the U.S. SEC last November. However, due to the crypto market weakening after Bitcoin hit its all-time high, with valuation pressure and declining trading volumes, the company has paused its plans to go public, waiting for better market conditions to resume the process. Payward previously raised $800 million at a valuation of approximately $20 billion, including a $200 million investment from Citadel Securities aimed at advancing blockchain integration in traditional financial markets. In comparison, by 2025, at least 11 crypto companies, including Circle, Bullish, and Gemini, are expected to raise a combined $14.6 billion through IPOs. Yet, since 2026, only the custody firm BitGo has successfully gone public, with its stock price already down about 44%. (CoinDesk) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58317