Coinbase Rival Kraken Looking To Go Public at $15,000,000,000 Valuation: Report

Description

The second-largest US-based crypto exchange by trading volume is reportedly an initial public offering (IPO) candidate for next year. Citing people familiar with the matter, The Information reports that Kraken is eyeing to raise $500 million at a $15 billion valuation. The price tag represents a significant increase from when the 14-year-old Coinbase challenger was valued at just $11 billion in 2022. The report says the valuation may impact the company’s plans to go public. “What it doesn’t real...