Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap
CoinDesk
Kraken co-CEO Arjun Sethi announced the firm is preparing for an IPO while launching a partnership with MoneyGram to simplify crypto-to-cash conversion.Summary
Kraken co-CEO Arjun Sethi confirmed that the crypto exchange is "80% ready" to go public, signaling renewed interest in an IPO. To support its growth and accessibility, Kraken has partnered with MoneyGram, leveraging the payment firm's 500,000 global retail locations to solve the "last mile" problem of converting digital assets into physical cash. Both companies emphasized that this collaboration aims to bridge the gap between traditional and digital finance, particularly in regions where financial infrastructure remains limited.
(Source：CoinDesk)