Another major US-based cryptocurrency exchange is reportedly considering going public. Kraken revealed record-breaking Q1 numbers and is also planning an IPO – following in the footsteps of Coinbase.

  • Coinbase is the first major US-based cryptocurrency exchange that will see its IPO later this month.
  • As CryptoPotato reported, the company will have its shares listed on Nasdaq on April 14th.
  • However, Coinbase isn’t the only one. According to a CNBC release, Kraken is also considering going public.
  • The exchange also contemplates a direct listing, but it would supposedly happen next year – in 2022.
  • The news came as Kraken released its quarterly report, revealing record-breaking numbers following Bitcoin’s face-melting rally to above $60K.

For us, any volatility is good but it’s always better when it’s on the way up. […] The first quarter just completely blew away the entirety of last year. We beat last year’s numbers by the end of February. The whole market has really just exploded. – Said Jesse Powell, CEO at Kraken.

  • In his own words, Kraken is “looking at being able to go public sometime next year.” He also revealed that it “would probably be a direct listing, similar to Coinbase.
Read Also:   7 Tips on How You Can Increase Your Earnings via Buying Stocks & ETFs | by Astro Finance | The Capital | Mar, 2021


Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


Coinbase Rival Kraken Considers Going Public in 2022

by Steven Willis
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format