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Kraken CEO says crypto exchange could go public in 12-18 months
Kraken, one of the world’s largest exchanges for trading cryptocurrencies, could go public in 12 to 18 months, according to its chief executive officer. Jesse Powell, who founded the San Francisco-based exchange in 2011, told Bloomberg TV the firm is “doing all the prep work” to become a public company, though he declined to give a target valuation. “We’re on a mission to bring crypto to the world, and our valuation hopefully will be a reflection of our success in achieving that mission,” he said in the interview. Kraken was recently in talks to raise new funding that would value it at more than $10 ... (full story)
