Does Coinbase’s mild direct listing performance have emerging crypto platforms thinking twice about going public? The latest comments from major cryptocurrency exchange Kraken might be suggesting so.
In an interview with CNBC earlier this year, Kraken CEO Jesse Powell shared that the company was considering going public via a direct listing in 2022. Coinbase went public less than a month later, and now just a few months after the Wall Street debut, Powell and company may be having second thoughts.
The IPO… I Don’t Know
Kraken is a top 3 exchange when ranked by volume, and continues to grow. However, Kraken’s future when it comes to a public listing is still a question mark. In a recent appearance on Fortune’s video series “Balancing The Ledger”, Powell stated that the firm was taking a harder look at going public, especially when it comes to a direct listing.
“An IPO is looking a little more attractive in light of the direct