Cryptocurrency Exchange Kraken Pauses IPO Due to Challenging Market Conditions

BlockBeats News, March 18th, the cryptocurrency exchange Kraken has paused its IPO plans due to difficult market conditions.

In November last year, Payward, Inc. (operating under the name "Kraken") announced that it had secretly submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) regarding its proposed initial public offering (IPO) of common stock. The number of shares to be issued and the price range have not yet been determined. The IPO is expected to take place after the SEC completes the review process and will be subject to market and other conditions.