Cryptocurrency exchange Kraken is considering going public through a direct listing in 2022, after seeing record trading volumes and new clients amid a surge in the price of bitcoin, CNBC reports.
Founded in 2011, Kraken is one the world’s biggest crypto exchanges. It has more than 6 million clients and is the fourth-largest exchange by trading volume, according to CoinMarketCap data.
Jesse Powell, Kraken’s CEO and co-founder, said in an interview that the firm had benefited significantly from the bitcoin rally. Bitcoin hit a record high price of over $60,000 mid-March, with traders attributing the move to institutional investors jumping into the market. Read more.
