{"id":277050,"date":"2021-06-17T15:11:03","date_gmt":"2021-06-17T12:11:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-crypto-exchange-kraken-eyeing-public-listing-in-2022\/"},"modified":"2021-06-17T15:11:03","modified_gmt":"2021-06-17T12:11:03","slug":"us-crypto-exchange-kraken-eyeing-public-listing-in-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-crypto-exchange-kraken-eyeing-public-listing-in-2022\/","title":{"rendered":"# US crypto exchange Kraken eyeing public listing in 2022"},"content":{"rendered":"

“# US crypto exchange Kraken eyeing public listing in 2022 <\/strong>”
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Kraken CEO Jesse Powell has revealed that the crypto exchange could go public before the end of 2022.<\/p>\n

Powell made this known during an interview<\/a> with Bloomberg TV, stating that the move would be a natural progression for the company in its mission to \u201cbring crypto to the world.\u201d<\/p>\n

According to Powell, Kraken is currently doing \u201cprep work\u201d towards going public in the next 12 to 18 months. However, the exchange CEO did not give a target valuation for the upcoming float.<\/p>\n

Earlier in June, Cointelegraph reported that Kraken was reconsidering earlier plans to pursue a direct listing path towards becoming a public company given the lackluster performance of Coinbase stock launch back in mid-April.<\/p>\n

Indeed, in March, a Kraken spokesperson had claimed that the company was \u201ctoo big\u201d\u00a0to go public via a merger with a special-purpose acquisition company.<\/p>\n

With the SPAC and direct listing route probably out of the table, Powell’s latest announcement might mean Kraken is poised to pursue an initial public offering.<\/p>\n

Related: Kraken rethinks direct listing plan following Coinbase\u2019s lackluster performance<\/em><\/strong><\/p>\n

Kraken recently secured backing from RIT Capital Partners, a $5.3 billion investment trust. The fourth-largest exchange by trading volume, according to CoinMarketCap data is also reportedly set to raise additional capital to put its valuation north of the $10 billion mark.<\/p>\n

With over six million customers and an operating presence in about 190 countries, the 11-year-old exchange is also looking to expand its reach with India being touted as a possible destination. Kraken is among one of three major exchanges looking to service India’s estimated 15 million cryptocurrency investors even amid the current regulatory imbroglio in the country.<\/p>\n