Media: Kraken will go public in 2022

American bitcoin exchange Kraken will go public via direct listing next year, The Block reported .

On Tuesday, Fox Business reporter Charles Gasparino tweeted that Kraken plans to go public through a traditional IPO or takeover of a targeted merger company (SPAC).

SCOOP: @krakenfx execs eying going public possibly through a SPAC or IPO possibly sometime next year as online crypto exchange’s customer growth ramps up; industry sources expect a raft of crypto SPACs this summer and with that, much more regulatory scrutiny more now @FoxBusiness

– Charles Gasparino (@CGasparino) March 16, 2021

An exchange spokesman clarified that Kraken is “too big” for the latter option. Earlier, the media reported on the exchange’s plans to raise its market valuation to $ 10 billion by attracting additional funding.

According to CoinGecko , the platform ranks third in terms of daily trading volumes with an indicator of over $ 1.4 billion. The service classifies Kraken as one of the exchanges with the highest trust score.

Data: CoinGecko.

Earlier, the US Securities and Exchange Commission (SEC) approved an application for a direct listing of shares of the largest American exchange Coinbase. The company plans to place its securities on the Nasdaq .

Crypto-friendly investment platform eToro opted for the SPAC acquisition of FinTech Acquisition Corp. to enter the stock market . V.

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