CEO Jesse Powell tells Bloomberg TV the company was “doing all the prep work” to see Kraken going public within 12-18 months.
Kraken is one of the largest, oldest, and most trusted cryptocurrency exchanges in the world, having being founded in 2011, and the exchange boasts a massive 6 million clients in almost every country in the world. Being the fourth largest exchange by trading volume (according to CoinMarketCap), and favourable comparisons are likely to be drawn by investors after rival Coinbase Global’s successful public offering earlier in 2021.
Watch the video: Jesse Powell hints at Kraken going public potentially in 2022 (via Bloomberg TV Twitter)
Although during the Bloomberg interview, Powell declined to give a target valuation for the company, he said the company is “on a mission to bring crypto to the world, and our valuation will be a reflection of our success in achieving that mission”