Kraken to go public in 2022

The American bitcoin exchange Kraken will go public via a direct listing of its shares next year, The Block reported.

On Tuesday, Fox Business reporter Charles Gasparino tweeted that Kraken plans to go public via a traditional IPO or a SPAC deal ([simple_tooltip content=’публичная компания, созданная специально для слияния с частной фирмой, желающей выйти на биржу’]SPAC[/simple_tooltip]).

SCOOP: @krakenfx execs eying going public possibly through a SPAC or IPO possibly sometime next year as online crypto exchange’s customer growth ramps up; industry sources expect a raft of crypto SPACs this summer and with that, much more regulatory scrutiny more now @FoxBusiness

— Charles Gasparino (@CGasparino) March 16, 2021

A Kraken spokesperson clarified that the latter option is “too large.” Earlier reports indicated the exchange planned to raise its valuation to $10 billion through additional financing.

According to CoinGecko, the platform ranks third by daily trading volume, at over $1.4 billion. The service lists Kraken among exchanges with the highest trust score.

Data: CoinGecko.

The U.S. Securities and Exchange Commission (SEC) approved the direct listing of the shares of Coinbase, the largest U.S. exchange. The company plans to list its securities on Nasdaq.

The crypto-friendly investing platform eToro for going public selected a SPAC acquisition route with SPAC FinTech Acquisition Corp. V.

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