Bitcoin Exchange Kraken Plans To Go Public In 2022: Reports
WASHINGTON (dpa-AFX) - California-based bitcoin exchange Kraken Exchange is considering going public in 2022, reported CNBC on Thursday.
Established in 2011, Kraken enjoyed a substantial first quarter in 2022, with a total subscriber base breaching 6 million. It is the fourth-largest crypto exchange by trading volume, according to CoinMarketCap data. The exchange benefited significantly from a recent surge in bitcoin price, which touched $60 thousand in March 2021.
The company is also lined up for another round of funding to raise its value to $20 billion. It is understood that the growth of Ether, a blockchain currency of Ethereum, the demand of NFT, and the engagement of institutional investors have concocted the rise of cryptocurrencies beyond $2 trillion for the first time.
Kraken Bolsters Crypto Access With Launch of the New Kraken Mobile App Across Europe
Leading Crypto Exchange in Europe takes crucial step to make crypto mainstream
Kraken today announced the launch of the new Kraken mobile app to meet the rapidly growing demand from clients looking for an easy-to-use, highly secure way to invest in cryptocurrencies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210114005352/en/
Kraken launches easy-to-use app, offering a highly secure way to invest in cryptocurrencies (Photo: Kraken Exchange)
The new Kraken app means Kraken, the largest cryptocurrency exchange in Europe by euro trading volumes, can now provide a complete offering for investors at every level from beginner to advanced. Together with the Pro and Futures apps, which provide professional customers with advanced trading features, the new Kraken app delivers a consumer-centric crypto experience with a security-first min