Kraken said its initial public offering preparation is about 80% complete and that it has submitted an application to the U.S. Securities and Exchange Commission. At Consensus Miami, the exchange also announced a partnership with MoneyGram to support crypto-to-cash and cash-to-crypto services through nearly 500,000 physical locations across more than 100 countries. Kraken said the partnership is designed to improve last-mile cash conversion, particularly for users in cash-reliant markets or regions with weak banking infrastructure or volatile local currencies, while it advances its public-market readiness in parallel.