{"id":40466,"date":"2021-04-09T11:40:47","date_gmt":"2021-04-09T08:40:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40466"},"modified":"2025-08-30T14:14:02","modified_gmt":"2025-08-30T11:14:02","slug":"kraken-ceo-confirms-plans-to-go-public-in-2022","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kraken-ceo-confirms-plans-to-go-public-in-2022\/","title":{"rendered":"Kraken CEO confirms plans to go public in 2022"},"content":{"rendered":"<p>Bitcoin exchange Kraken is considering going public in 2022, confirmed by its co-founder and CEO Jesse Powell in an interview <a href=\\\"https:\/\/www.cnbc.com\/2021\/04\/08\/bitcoin-coinbase-rival-kraken-may-go-public-via-direct-listing.html\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">CNBC<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;We hope that in the next year we will be able to become a public company. It will likely be a direct listing, similar to Coinbase,\\&#8221; he said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>The listing of shares of the largest US cryptocurrency company <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-announces-date-for-direct-listing\">scheduled for April 14<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Powell also confirmed that Kraken <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-kraken-the-bitcoin-exchange-seeks-a-valuation-above-10-billion\">is in talks with investors<\/a> about a new funding round. After it, the exchange&#8217;s valuation could rise to $10 billion.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;We had talks about conducting another round, but we slowed down a bit to see what happens with Coinbase&#8217;s valuation. I suspect the price will rise far higher than it is trading,\\&#8221; said the Kraken CEO.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>According to him, the company has a \\&#8221;good balance sheet\\&#8221; and the option not to rush with raising capital.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;The reason for this is to attract a few strategic investors who can help with geographic expansion and growth,\\&#8221; Powell said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>He noted that the exchange has significantly benefited from the Bitcoin rally:<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Volatility for us is good, but it&#8217;s always better when the price rises. The first quarter left no stone unturned from last year&#8217;s results. By the end of February we surpassed last year&#8217;s figures. The whole market just exploded.\\&#8221;<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In January\u2013March, four times more new users joined the platform than in the second half of 2020. Spot trading volumes for the first quarter reached $160 billion \u2014 1.5 times Kraken&#8217;s total for the previous year.<\/p>\n<p>\\n\\n<\/p>\n<p>Media <a href=\"https:\/\/u1f987.com\/en\/news\/kraken-to-go-public-in-2022\">reported plans<\/a> for the exchange&#8217;s stock market listing in mid-March. Among the options were a traditional IPO and a SPAC deal.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to ForkLog news in <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin exchange Kraken is considering plans to go public in 2022, confirmed by its co-founder and CEO Jesse Powell in an interview with CNBC.<\/p>\n","protected":false},"author":1,"featured_media":40467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,193,1211],"class_list":["post-40466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-kraken","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40466"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40466\/revisions"}],"predecessor-version":[{"id":40468,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40466\/revisions\/40468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40467"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}