Kraken reiterates tentative plans for direct listing next year

By CointelegraphSam Bourgi8 days ago

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Kraken, one of the worlds 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 years numbers by the end of February. The whole market has really just exploded.

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

Were looking at being able to go public sometime next year. [...] It would probably be a direct listing, similar to Coinbase.

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