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Kraken to Go Public in 2022 via Direct Listing, Not IPO
7 hours ago by Ibukun Ogundare · 3 min read
Photo: Kraken Exchange / Twitter
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The crypto market has been seeing unusual growth these days, encouraging exchanges to go public. Kraken’s major rival in the US Coinbase has already received approval from the SEC for its direct listing.
Crypto exchange Kraken is considering going public in 2022 through a direct listing after the exchange platform saw record trading volumes in the first quarter amid the Bitcoin rally. Kraken has evolved over the years to become the world’s largest exchange in euro volume and liquidity. Founded in 2011, the exchange now has over 6 million clients and is currently ranked 4th largest crypto exchange by CoinMarketCap.