Kraken‘s co-CEO Arjun Sethi indicated on Tuesday that the cryptocurrency exchange’s confidential initial public offering (IPO) filing process was still active, following reports that the plan had been paused.

At the Semafor World Economy 2026 conference on Tuesday, when asked about the public filing, Sethi confirmed the company has a confidential filing but did not comment on the reported pause.

Sethi did not disclose a timeline, pricing range, or valuation for the offering, but indicated that the confidential filing process is still active.

“Is that news?” Semafor reporter Rohan Goswami asked, to which Sethi responded, “I believe that’s news.”

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