Cryptoexchange Kraken wants to follow Coinbase and enter the stock market

The Kraken cryptocurrency exchange could follow the steps of the Coinbase cryptobourse exchange by becoming another company based in the United States of America, which will become a publicly traded company.

Another cryptocurrency company on the stock exchange

The CEO of one of the largest cryptoexchange in the world, Jesse Powell, said this week during an interview with the news portal Bloomberg TV that Kraken could be made public before the end of next year.

According to Powell, he is currently carrying out preparatory work for admission to the stock exchange. Disclosures could occur in the next 12 to 18 months. Jesse Powell, who founded Kraken in 2011 based in San Francisco, said:

“We are on a mission to bring cryptocurrencies to the world. Our award will hopefully reflect our success in achieving this mission. “

Kraken recently spoke of new funding worth more than $ 10 billion. Jesse Powell also announced that the crypto exchnage recorded the most registrations this year. In just the first two months of this year, they surpassed the whole of 2020.

The Kraken cryptocurrency exchange currently has more than 6 million clients in almost 190 countries around the world. This number makes it the fourth largest cryptoexchnage in the world in terms of trading volume. A bigger rival is, for example, Coinbase.

Among other things, Jesse Powell spoke about BTC, which could reach a new all-time high by the end of this year.

Conclusion

If there were no complications, the Kraken cryptocurrency exchange could become a publicly traded company by the end of next year. This would be the second stock exchange based in the United States.