Kraken has confidentially submitted paperwork for a U.S. initial public offering, according to comments from co-CEO Arjun Sethi. Sethi confirmed the filing on Tuesday in remarks reported from the Semafor World Economy conference in Washington, D.C., reinforcing earlier reports that the crypto exchange had been preparing for a U.S. listing. The move follows shifting conditions for digital-asset companies. Kraken had paused its IPO plans less than a month earlier during a softer period for crypto markets, when Bitcoin was trading well below its previous high. With prices rebounding, the company has resumed its push toward public markets; Bitcoin rose to around $76,000 on Tuesday. Kraken remains among the world's largest cryptocurrency exchanges, serving both retail and institutional clients. Sethi said the company wants to make advanced trading strategies more accessible to individual investors. Deutsche Börse Group disclosed on the same day that it plans to invest in Kraken's parent company, Payward Inc. The exchange operator said it will invest $200 million via a secondary transaction in existing shares, yielding a 1.5% fully diluted stake, subject to regulatory approval. Closing is expected in the second quarter. On the deal terms, Kraken's valuation is set at about $13.3 billion. That is below the $20 billion valuation tied to the company's $800 million fundraising announced in November, implying a decline of more than $6 billion even as Kraken restarts listing preparations. Kraken's renewed IPO push comes amid strengthening digital-asset prices. Bitcoin has climbed in recent weeks and is reported to be up about 9% in April. The recovery has revived conversations across the crypto sector around IPOs, fundraising, and strategic investments after a period when several companies dialed back expansion. Deutsche Börse and Kraken had already been working together. In December, the firms announced a partnership aimed at connecting traditional financial markets with digital-asset infrastructure, with an emphasis on institutional crypto adoption in Europe. The new stake deepens that relationship as Kraken advances its public-market plans. Separately, Kraken said it received a ransom demand linked to customer data. The company said criminals threatened to release information after two breaches that enabled limited viewing of a small number of customer accounts. Kraken put the number of potentially viewable accounts at about 2,000, or roughly 0.02% of its customer base, and said its systems were not compromised and customer funds were never at risk. Kraken said it will not pay and will not negotiate, framing the matter as a contained data exposure rather than a broader system failure ahead of the IPO.

Bitcoin exchange-traded funds recorded $291.11 million in net outflows on April 13, 2026, while Ethereum ETFs extended their streak to a third consecutive day of net inflows, according to SoSoValue. Bitcoin ETFs reversed course after two straight sessions of gains, underscoring a more cautious tone among investors. Total cumulative net inflows across Bitcoin ETFs stood at $56.45 billion after the day's withdrawals. Total net assets slipped to $94.51 billion from $94.92 billion on April 10, with $2.44 billion in daily trading volume. The April 13 pullback followed inflows of $358.17 million on April 9 and $240.42 million on April 10. Earlier in the month, Bitcoin ETFs took in $471.32 million on April 6, then flipped to outflows of $159.05 million on April 7 and $124.55 million on April 8. Fidelity's FBTC (CBOE: FBTC) led the day's redemptions with $229.22 million in net outflows, though its cumulative net inflow remained $10.88 billion. Ark & 21Shares' ARKB (CBOE: ARKB) posted $62.89 million in outflows, with cumulative net inflows of $1.39 billion. Grayscale's GBTC reported $38.25 million in outflows, keeping its cumulative net outflows at $26.11 billion, the largest net withdrawal total in the segment. Grayscale's BTC (NYSE: BTC) saw another $11.03 million leave, while VanEck's HODL (CBOE: HODL) recorded $2.58 million in outflows. Offsetting part of the weakness, BlackRock's IBIT added $34.70 million, lifting its cumulative net inflows to $63.76 billion, the highest in the category. Bitwise's BITB (NYSE: BITB) brought in $11.88 million, taking its cumulative total to $2.10 billion. Morgan Stanley's MSBT (NYSE: MSBT) added $6.28 million, bringing cumulative inflows to $37.50 million. Invesco's BTCO, Valkyrie's BRRR, Franklin's EZBC, WisdomTree's BTCW, and Hashdex's DEFI reported zero net flows. On a weekly basis, April 13 marked the first session of a new reporting week, making the $291.11 million outflow the only contribution to that week's running tally at the time of publication. The prior week ending April 10 posted $786.31 million in net inflows, $11.10 billion in total value traded, and $94.92 billion in net assets. The week ending April 2 showed $22.34 million in net inflows, $9.58 billion traded, and $86.22 billion in net assets. Ethereum ETFs added $9.44 million in net inflows on April 13, extending a three-session streak. Total net assets reached $12.98 billion, while cumulative net inflows rose to $11.68 billion. Daily trading volume was $922.09 million. The three-day rebound followed an outflow of $18.63 million on April 8. Over April 9, 10, and 13, Ethereum ETFs pulled in a combined $159.58 million, led by $85.19 million on April 9 and $64.95 million on April 10. Net assets increased from $12.56 billion on April 8 to $12.98 billion by April 13. For the week ending April 13, Ethereum ETFs showed $9.44 million in inflows. The week ending April 10 recorded $187.07 million in net inflows, $4.68 billion traded, and $12.96 billion in net assets. Earlier weeks were weaker, with $42.15 million in net outflows in the week ending April 2 and $206.58 million in net outflows in the week ending March 27.

China's gold exchange-traded funds recorded their strongest quarterly inflows on record in the first quarter, reflecting heightened investor demand for gold exposure.

Spot Bitcoin ETFs recorded net outflows of $291 million, while spot Ether ETFs posted net inflows of $9 million.

Steve Aoki has sold off most of his crypto portfolio. Separately, a counterfeit Ledger app was used in a scam that stole $9.5 million. In another major development, Deutsche Börse has made a $200 million investment in @krakenfx. @JennSanasie breaks down what you need to know on CoinDesk Daily.

Kraken co-CEO Arjun Sethi (@arjunsethi) said the crypto exchange has confidentially filed for a U.S. initial public offering, speaking Tuesday at the Semafor World Economy event in Washington. The draft S-1 was submitted to the SEC in November 2025 through its parent, Payward Inc., marking the first public confirmation from Kraken's leadership. Kraken's latest funding round in April valued the San Francisco-based company at $13.3 billion, down from a $20 billion high in late 2025. The IPO outlook improved after the SEC dropped its March 2025 lawsuit against Kraken over staking services. @krakenfx had previously aimed for a Q1 2026 listing but delayed amid crypto-market volatility.

BlockBeats reported on April 15, citing U.S. broadcaster CBS, that the White House said 103 empty oil tankers are heading to U.S. ports to take on American crude. The White House said record U.S. energy output is helping supply global markets amid an ongoing oil and gas crunch. The Trump administration said that of the 103 vessels, 54 are very large crude carriers (VLCCs), each able to carry about 2 million barrels of crude. Data from the U.S. Energy Information Administration show the United States is the world's largest crude producer, pumping around 13 million barrels per day before the war. The country exports about 11 million barrels per day and imports 8 million barrels per day, leaving it a net oil exporter.

Kraken co-CEO Arjun Sethi said Tuesday that the crypto exchange has confidentially submitted paperwork for an initial public offering, speaking at Semafor's World Economy conference in Washington, D.C. The disclosure comes as Deutsche Börse, Germany's largest stock exchange operator, agreed to invest $200 million in Kraken parent Payward for a roughly 1.5% fully diluted stake. The transaction implies an estimated valuation of about $13.3 billion, a 33% discount to the $20 billion valuation Kraken fetched in its $800 million fundraising round in November 2025. Kraken filed its draft S-1 with the U.S. Securities and Exchange Commission in November 2025, one day after that funding round closed. Investors in the round included Citadel Securities, Jane Street and DRW Venture Capital. Kraken has not disclosed the size or pricing of the planned offering, saying terms will be set after regulators finish their review and market conditions stabilize. At the conference, Sethi described the IPO effort as part of a broader push to bring sophisticated financial tools to a wider audience. "What they want at the end of the day is what Citadel and Jane Street have, or JPMorgan has, and they want it accessible to them," he said. "That's our mission: How do we make all these products open?" Deutsche Börse's investment also deepens a commercial partnership first announced in December 2025, focused on integrating Kraken's xStocks tokenized equities platform into Deutsche Börse's digital-asset infrastructure. Kraken has expanded aggressively in recent months. In October 2025, it launched CME futures trading, adding access to traditional commodities and equity index contracts alongside crypto. Its xStocks tokenized equities product surpassed $10 billion in cumulative trading volume in November, and in March, Nasdaq selected Kraken as a settlement layer for its own tokenized stock initiative. The regulatory environment has also shifted in Kraken's favor. The SEC dropped its lawsuit against the exchange in March 2025 without any admission of wrongdoing, part of a broader retreat from crypto enforcement under the current administration. Kraken is the second-largest U.S.-based centralized exchange after Coinbase, which went public via direct listing in 2021. This article was produced with the assistance of AI workflows. All stories are curated, edited and fact-checked by a human.

Kraken co-CEO Arjun Sethi said the U.S. crypto exchange still has a confidential IPO filing under review at the Securities and Exchange Commission, underscoring that its path to a public listing remains open after reports earlier this year that the company had put plans on ice. Speaking at Semafor"s World Economy event in Washington, D.C., on April 14, 2026, Sethi confirmed the confidential submission but offered no timeline, price range, or valuation tied to any offering. The comments indicate the process remains active and has not been withdrawn. Kraken, operated by Payward Inc., first disclosed in November 2025 that it had submitted a confidential draft Form S-1. The update came after an $800 million funding round that valued the company at $20 billion, about 33% above its prior valuation. Participants in that round included Jane Street and Citadel Securities, the market-making firm led by Ken Griffin. By March 2026, multiple reports said Kraken had paused IPO preparations as crypto prices retreated, trading activity cooled, and several crypto-linked public listings struggled. BitGo"s post-IPO performance was cited as one example weighing on sentiment. At the time, a Kraken spokesperson pointed to the November disclosure and declined further comment given the confidential nature of the filing. Sethi did not directly address the reported pause or provide a revised schedule. He framed Kraken"s strategy around giving retail clients access to institutional-grade tools. "What they want at the end of the day is what Citadel and Jane Street have, or JPMorgan has, and they want it accessible to them," he said. "That's our mission: How do we make all these products open?" Founded in 2011, Kraken is among the larger U.S.-based crypto exchanges, offering spot trading, futures and staking. Through affiliated entities, the company has also expanded toward access to tokenized equities, stocks and exchange-traded funds (ETF). For full-year 2025, Kraken reported adjusted revenue of $2.2 billion, up 33% year over year. The company"s latest valuation has moved in the opposite direction: an investment round involving Deutsche Börse valued Kraken at $13.3 billion by April 2026, down from the $20 billion peak in late 2025. The repricing was attributed to broader crypto market conditions rather than any disclosed operational change. A successful IPO would provide additional growth capital and establish a public-market venue for Kraken"s shares. It would also place the company alongside Circle, which has been advancing its own public-offering plans, as crypto-native firms seek traditional capital markets. Confidential filing procedures give issuers flexibility to proceed, delay or walk away without public disclosure until an S-1 is made effective and a roadshow begins. Timing will hinge on SEC review, crypto price action and broader equity-market sentiment. Kraken has not announced a share count, price range or IPO date, and it has not issued further formal statements beyond Sethi"s Semafor appearance.