Coinbase Rival Kraken Considers Going Public in 2022
Kraken, a major US-based cryptocurrency exchange, revealed a record-breaking Q1 of 2021 and is considering going public next year.
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.
