$98,503.00
-0.20%$3,368.39
0.10%$258.28
-0.31%$666.89
6.05%$1.54
10.62%$0.465408
19.45%$0.999825
-0.01%$1.08
25.24%$3,368.46
0.07%$0.211744
6.53%$42.24
15.78%$0.00002709
9.39%$3,991.62
-0.07%$5.65
2.95%$98,339.00
-0.29%$0.435463
53.99%$7.65
25.72%$16.91
11.06%$532.52
9.01%$3.60
1.15%$3,366.31
0.08%$0.00002195
4.61%$8.62
-1.56%$102.77
13.31%$6.26
10.40%$12.65
6.08%$10.54
11.86%$3,542.80
0.00%$0.150551
10.60%$11.06
14.31%$0.998351
-0.03%$0.191125
-0.20%$29.66
5.60%$0.550173
19.58%$7.90
8.42%$0.159143
5.82%$530.31
6.23%$1.002
0.05%$0.00005048
-1.29%$24.60
-0.88%$0.04360654
33.70%$1.35
6.35%$3.45
4.56%$0.839435
5.66%$3.77
1.51%$2.08
7.41%$7.98
19.24%$5.15
11.34%$50.28
9.45%$163.10
1.95%$0.851361
-0.09%$28.92
16.25%$2.23
5.43%$177.83
5.90%$6.12
10.74%$1.53
11.94%$0.00026062
1.42%$0.289794
20.01%$0.252346
14.59%$0.857334
20.64%$0.526153
8.75%$0.998224
-0.08%$1.53
3.60%$3,373.68
0.22%$5.73
6.26%$1.90
12.03%$0.654097
6.12%$6.02
-1.76%$3,754.00
-0.20%$0.16907
3.26%$98,623.00
-0.07%$2.38
5.19%$3,529.38
0.04%$1.16
3.18%$1.08
9.20%$98,166.00
-0.21%$3,453.27
0.23%$0.41212
1.76%$1.52
-3.71%$100.70
16.89%$1,632.85
-2.30%$72.59
7.01%$21.40
18.25%$11.03
8.80%$319.26
-0.35%$0.00000141
21.25%$11.29
1.54%$0.553604
20.08%$0.03164598
9.85%$0.821705
13.87%$0.02288468
4.47%$0.02292145
6.67%$1.20
-4.25%$1.18
4.02%$0.771073
10.11%$1.28
5.33%$0.543687
7.90%$0.02227226
7.97%$98,765.00
0.08%$3.16
0.43%$272.75
-0.34%$14.73
9.29%$0.00000264
-10.56%$5.91
5.38%$6.59
12.46%$3,358.99
0.05%$0.169502
4.93%$1.40
9.56%$35.13
16.57%$12.09
4.88%$98,382.00
-0.04%$3.92
3.53%$97,322.00
-1.16%$0.465176
19.12%$0.398444
12.22%$1.36
1.63%$0.00004705
6.24%$1.003
4.17%$0.809637
6.24%$0.488606
14.61%$1.24
7.68%$0.009994
0.64%$262.44
-0.39%$3,443.68
-0.58%$0.876756
-6.45%$5.33
5.19%$1.35
2.03%$0.731291
8.96%$39.70
6.15%$0.054044
20.94%$0.00191855
3.45%$0.224788
24.16%$0.16857
8.54%$0.00760793
4.71%$0.997856
-0.02%$0.083274
9.15%$0.00728025
-6.10%$48.11
6.06%$270.67
1.40%$0.255978
10.72%$3,368.15
0.14%$0.0097624
3.04%$2.13
2.51%$2,717.35
0.43%$20.10
2.29%$3,368.11
0.10%$0.097235
16.01%$0.767765
8.74%$1.98
8.17%$0.995603
-0.05%$0.00011744
4.73%$1.40
9.35%$0.01393676
5.92%$2.13
8.63%$3,649.78
0.23%$0.491087
19.60%$0.163217
6.93%$1.31
4.61%$33.23
0.27%$0.283386
12.20%$0.999708
0.04%$0.189847
3.31%$3,366.93
0.20%$0.00803608
2.02%$62.46
14.61%$97,829.00
-0.90%$1.08
2.78%$1.50
5.61%$2,733.29
1.27%$0.539566
-1.27%$0.495085
7.17%$0.07999
-0.14%$98,843.00
0.31%$2.18
8.77%$0.00000025
4.19%$0.070756
7.75%$3,330.87
0.14%$0.538855
-2.15%$98,581.00
-0.05%$0.00000051
5.47%$1.00
-0.10%$2.65
2.50%$0.072911
8.75%$8.59
1.03%$3,365.50
0.14%$0.00141754
-8.01%$3.65
7.30%$3.96
-0.17%$0.468603
-12.66%$0.364831
6.92%$0.02393459
12.77%$0.244793
8.68%$1.078
9.71%$0.00831993
8.81%$1.063
-1.39%$0.792541
10.71%$3,608.67
0.07%$0.01408826
6.22%$0.04590267
7.03%$0.999898
0.04%$3,370.55
0.14%$0.453012
-7.88%$3.87
6.20%$0.00239535
10.97%$0.999791
-0.02%$1.02
5.19%$49.58
16.20%$0.428265
-8.04%$3,518.19
-0.06%$11.50
8.46%$8.35
4.07%$26.09
23.02%$0.583701
7.23%$0.00500463
5.16%$0.993941
-0.77%$0.407573
-0.78%$96.73
-1.54%$1.93
6.34%$3.80
11.89%$1.064
0.21%$1.85
12.45%$6.47
-3.86%$0.46464
4.03%$0.22176
9.55%$0.00
9.20%$3.63
2.95%$3,710.61
-0.11%$1,978.41
-0.12%$0.378667
4.42%$31.38
7.02%$0.340734
2.54%$98,257.00
-0.15%$0.03695451
9.39%$0.00639714
4.26%$3,572.82
-0.13%$1.002
0.03%$0.24489
11.00%$0.03808295
-10.46%$0.04470883
6.42%$4.60
0.99%$0.692175
5.50%$0.931559
7.95%$1.38
0.71%$0.02432924
5.86%$0.03569839
5.48%$0.866
-2.41%$97,666.00
-0.05%$0.349789
46.16%
Cryptocurrency exchange Kraken is eyeing 2022 as its timeframe to go public, a spokesperson for the platform revealed today.
Currently, Kraken is reportedly engaged in an aggressive fundraising push that would allow it to reach a valuation of $20 billion—twice as much as it currently has. Speaking to The Block today, a spokesperson for Kraken revealed that the company "could go public next year" via a direct listing, the same route chosen by rival exchange Coinbase.
An initial public offering (IPO) or a special purpose acquisition company (SPAC) were previously considered potential routes for Kraken to become a publicly-traded company.
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
A SPAC is akin to a reverse merger where one (already publicly-traded) company acquires another (that wants to go public) and essentially transforms into it. In the case of a SPAC, there is no “real” company that acts as the buyer—only a "blank check company."
However, in a recent interview with Bloomberg TV, Kraken CEO Jesse Powell recently said the exchange would most likely choose the method of a direct listing.
Kraken also told The Block that the company is “too big” for a SPAC. The spokesperson added that the platform is currently “fully focused on scaling our business, filling key roles and making sure we're giving clients the best experience in a time of unprecedented growth.”
Coinbase, another major US crypto exchange, also chose a direct listing as its preferred way of going public. The main difference with a traditional IPO is that during a direct listing, a company can float only already existing shares. In December 2020, the SEC changed the rules for a direct listing, enabling companies to issue new shares as part of the listing. A direct listing also allows firms to avoid some of the expensive requirements of an IPO.
