Crypto exchange Kraken, which announced four months ago that it planned to go public, has put its plan on hold, according to two people with knowledge of the matter.
The company is still considering an initial public offering, but probably not until market conditions improve, said the people, who spoke on condition of anonymity because the matter is private.
A Kraken spokesperson said, “As we announced in November, we filed confidentially with the SEC, and that is all we can really share.”
The downturn in crypto markets since October, when bitcoin touched a record high, has made companies more cautious about going public or raising fresh capital as declining asset prices and weaker trading volumes weigh on valuations and…
