kraken

P2P (Peer-to-Peer) trading has established itself as the main gateway for thousands of users looking to convert their local currency into digital assets. However, with the freedom to choose whom to buy from, comes the responsibility to protect your funds. As a specialist in the field, I have designed this roadmap to ensure your experience on #Binance and other platforms is secure.
🚩 Warning signals: Don't ignore your instinct
In the P2P world, haste is the best friend of the scammer. If a trader pressures you to "release quickly" before you verify your bank account, stop.

In the world of financial technologies, a new conflict is brewing: traditional banks are increasing pressure on the crypto industry, striving to maintain their monopoly. Kraken's CEO David Ripley recently sharply criticized the American Bankers Association (ABA), accusing it of attempts to "corner the crypto exchanges." It all started with a statement from ABA's Senior Vice President Brooke Ibarra at the annual conference: she called interest payments on stablecoins on platforms like Kraken and Coinbase "harmful" to banks, undermining their role in supporting communities. According to her, stablecoins are intended only for payments, not for storing value.

#Kraken
Kraken, one of the world's oldest and most prominent cryptocurrency exchanges, has made a decisive move toward its initial public offering (IPO). Payward, Inc., the operator of the exchange, officially announced on November 19th that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC).
This "secret submission," a common practice for major companies, allows Kraken to initiate the rigorous regulatory review process without immediately disclosing sensitive financial and commercial information to the public or its competitors. The Form S-1 is the foundational document for an IPO, detailing the company's business model, financial health, risk factors, and the shares to be offered.
Strategic Timing and Market Confidence
The decision to proceed with a confidential S-1 submission signals that Kraken is nearing a readiness for the public market. The timing is strategically advantageous, allowing the company to work through the SEC's comments and make necessary revisions behind closed doors. This maintains flexibility regarding the ultimate IPO date, which will be contingent on favorable market and other circumstances and the completion of the SEC's review.
Details regarding the number of shares to be issued and the final price range for the offering have not yet been determined and will be disclosed in a later, public filing. Given Kraken's status as a dominant player in the volatile, yet high-growth, digital asset space—which has seen its valuation in private markets fluctuate significantly—the public debut is anticipated to be a landmark event for the broader crypto industry.
The move follows in the footsteps of other major digital asset companies and indicates a growing maturation and push for regulatory legitimacy within the sector. Investors will be keenly awaiting the public filing to gain their first look at the exchange's full financials ahead of what is expected to be one of the most significant public listings in the cryptocurrency space.