One of the world’s largest cryptocurrency exchanges, Kraken, is making significant strides toward going public. According to Bloomberg, the U.S.-based company is aiming to secure $100 million in funding by the end of the year to support its Initial Public Offering (IPO) plans.
🚀 Big news! Kraken is raising $100M to go public, joining the likes of Coinbase! With plans for stock trading in 2024 and expansion in Europe, Kraken is set to make major waves in the crypto world. 🌍📈 #Crypto #IPO #Kraken #Blockchain #CryptoNews
— City Telegraph (@0xCitytelegraph) June 7, 2024
Kraken’s intention to go public has been under consideration for years, but the company has yet to provide any official comments on the matter. Currently, Coinbase remains the only major crypto exchange publicly listed, having launched its IPO in April 2021.
Founded in 2011, Kraken has grown to become a dominant player in the global crypto exchange market. In addition to its IPO ambitions, the company is set to expand its operations into stock trading by 2024, with the necessary licenses already in place.
Kraken is also broadening its reach in Europe. The exchange recently secured licenses for crypto trading and custody services in Spain and Ireland. Additionally, Kraken is planning to enter the German market on July 11, 2024.
