Kraken News; In the past months, there has been an important development for the crypto money market. It was the first time a cryptocurrency exchange started to be listed on the NASDAQ. After Coinbase, the world’s largest cryptocurrency exchange, went public, another exchange is now giving signals to go public. Kraken, another major cryptocurrency exchange, may go public.
Kraken has more than 6 million customers in approximately 190 countries, making it the world’s fourth-largest crypto exchange by trading volume, according to Coinmarketcap. Kraken’s larger competitor, Coinbase, went public earlier this year through a direct listing, citing its skyrocketing revenue growth.
Following Coinbase, Kraken cryptocurrency exchange may also go public. Kraken CEO Jesse Powell announced that the exchange could go public in 2022. In an interview on Bloomberg television, he announced that Kraken will make moves in line with its goals of providing crypto solutions to the whole world by the end of next year. According to the CEO, Kraken cryptocurrency exchange is preparing to go public in the next 1 to 1.5 years.
The performance of Coinbase after going public was below expectations. Kraken also started to review different plans for going public during this process, rather than listing directly. At the time, a Kraken spokesperson claimed that the company would make a move to go public in the form of a merger with a special purpose acquisition company. Looking at the latest statement from Kraken CEO, it can be seen that the stock market is ready to go public. Powell said Kraken has had more registrations this year than in previous years, with the first two months surpassing all of 2020.
Actively operating in approximately 190 countries, the stock market also wants to expand to India. Despite the turmoil in India regarding regulations for cryptocurrencies, the exchange wants to serve more than 15 million potential customers in the country.