Kraken reiterates tentative plans for direct listing next year

Kraken reiterates tentative plans for direct listing next year


Kraken, one of the world’s largest cryptocurrency exchanges, has tentative plans to go public next year, according to CEO Jesse Powell.

Powell appeared on a segment on CNBC after Kraken published record-breaking fourth-quarter results, including a surge in trading volumes and new client signups.

“The first quarter just completely blew away the entirety of last year,” he said. “We beat last year’s numbers by the end of February. The whole market has really just exploded.”

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Regarding a potential stock market debut, Powell said 2022 is a likely target for a new listing:

“We’re looking at being able to go public sometime next year. […] It would probably be a direct listing, similar to Coinbase.”

Coinbase plans to stage its public offering on April 14, providing Wall Street with a more conventional way to gain exposure to the crypto boom. Unlike a traditional initial public offering, the company will go public through a direct listing. That means the current owners of Coinbase shares will

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