[Kraken Secretly Files for U.S. IPO, Valuation Drops to $13.3 Billion] Deep Tide TechFlow reports: On April 15, according to CNBC, Arjun Sethi, co-CEO of global cryptocurrency exchange Kraken, confirmed on April 14 that the company has secretly submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission. This IPO application marks the formal advancement of plans initially disclosed last November. Data shows Kraken's latest valuation is approximately $13.3 billion, a significant drop from $20 billion in November 2025. Previously, Kraken had paused its IPO plans due to the downturn in the cryptocurrency market. Earlier reports indicated that Deutsche Börse Group had committed to investing $200 million in exchange for 1.5% of Kraken's fully diluted ownership shares.