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.
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.