Cryptocurrency exchange Kraken plans to go public

Cryptocurrency exchange Kraken plans to go public Crypto currency exchange Kraken is considering going public in 2022 after record transaction volumes with the rise in bitcoin prices.

Kraken, which was founded in 2011 and is one of the largest crypto exchanges in the world, has more than 6 million customers.

In an interview, Kraken CEO Jesse Powell stated that the company has benefited significantly from the rally in Bitcoin. Bitcoin hit a record high at $ 60,000 in mid-March.

Noting that they had a better first quarter than the entire last year, Powell said,> "We exceeded last year's figures at the end of February."

4 times more users joined the Kraken platform in the first quarter of this year than in the second half of 2020. Transaction volumes reached a record level with 160 billion dollars in this period.

Another cryptocurrency platform, Coinbase, had received approval from the US Securities Exchange Commission in order to be listed on Nasdaq in the previous days.

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