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Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap
Payward and Kraken co-CEO Arjun Sethi says the exchange is “80% ready” to go public, as a new partnership with MoneyGram aims to expand access to digital assets by solving last-mile cash conversion.
May 5, 2026, 9:29 p.m. 2 min read
What to know:
- Kraken is still preparing for an IPO, with co-CEO Arjun Sethi saying the company is “80% ready.”
- MoneyGram and Kraken announced a partnership to enable easier conversion between crypto and cash globally.
- Both firms see stablecoins and digital assets lowering costs and expanding access, especially in underserved markets.
CoinDesk reported in March that Kraken had paused its IPO plans after confidentially filing with the Securities and Exchange Commission (SEC) in November, with sources saying it may revisit a listing when market conditions improve.
“This is the first step of working together to solve the last mile,” Soohoo said, noting that “in many situations, customers still want access to cash.”
That’s especially true in regions where financial infrastructure lags. “People need cash at an onboarding location,” Sethi said, pointing to markets in Latin America and beyond. “Partnering with MoneyGram helps solve that.”
