Kraken exchange plans to go public in 2022

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Exchange CEO Jesse Powell said in an interview with CNBC that Kraken plans tobecome a public company next year.

Kraken plans to increase its valuation to $ 10 billion and prepare for a public offering.

The management has not yet determined whether this will be a SPAC merger or IPO, but the process is planned for 2022.

Kraken entered the crypto market in 2011.The bullish trend of the current year brought good dividends to the exchange.In the first quarter alone, four times more users registered on the platform than in the second half of last year, and the volume of trading increased by one and a half times. 

Powell noted:

The first quarter turned out to be the best of the last year. By the end of February, we surpassed our last year's figures. The entire market just exploded.

Recall that the Coinbase exchange plans to conduct a public offering on the Nasdaq on April 14 this year. The company is valued at $ 100 billion.

The Gemini exchange also plans to enter the stock market. 

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