Kraken Considering Direct Listing – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

In a move that would significantly cement the position of bitcoin and cryptocurrency exchanges as major businesses, Kraken, a prominent U.S.-based exchange, is reportedly considering going public next year via direct listing, according to CNBC.

The report cited “record trading volumes and new clients amid a surge in the price of bitcoin” as motivation for the potential listing by Kraken, and it’s likely that the success of Coinbase’s direct listing is motivating it as well.

With a user base of more than six million, Kraken is ranked among the world’s biggest cryptocurrency exchanges. According to available data from CoinMarketCap, it currently sits fourth on the list of the largest exchanges by trading volume.

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