Kraken Confirms Its Plan to Go Public in 2022

News
Thu, 04/08/2021 - 14:20
article image
Alex Dovbnya
Cryptocurrency exchange Kraken will go public "sometime next year"
Kraken Confirms Its Plan to Go Public in 2022
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Cryptocurrency exchange Kraken will have its public debut in 2022 via a direct listing, according to CEO Jesse Powell's new CNBC interview:

We're looking at being able to go public sometime next year. It would probably be a direct listing, similar to Coinbase.

There have been numerous reports about Kraken holding a new funding round that could boost its valuation to a whopping $20 billion, but Powell says it is not in a rush to seek new investors ahead of the Coinbase listing:

We've kind of been delaying a bit to see where the Coinbase valuation comes in at.

Related
XRP Presents "Huge" Risk to Exchanges, Says Kraken CEO

The largest U.S. cryptocurrency exchange will have its blockbuster direct listing on April 14 after reporting stellar first-quarter results with $1.8 billion in revenue and 56 million verified users.

Kraken, according to Powell, also started the year on a high note, surpassing the 2020 numbers in just two months:

We beat last year's numbers by the end of February. The whole market has really just exploded.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

thecryptobuds