NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Kraken Reconsidering IPO

Taylor Scott
Taylor Scott
4 years ago
3 mins read
Is Wall Street on pace to see more crypto firms like Kraken go public?

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Does Coinbase’s mild direct listing performance have emerging crypto platforms thinking twice about going public? The latest comments from major cryptocurrency exchange Kraken might be suggesting so.

In an interview with CNBC earlier this year, Kraken CEO Jesse Powell shared that the company was considering going public via a direct listing in 2022. Coinbase went public less than a month later, and now just a few months after the Wall Street debut, Powell and company may be having second thoughts.

The IPO… I Don’t Know

Kraken is a top 3 exchange when ranked by volume, and continues to grow. However, Kraken’s future when it comes to a public listing is still a question mark. In a recent appearance on Fortune’s video series “Balancing The Ledger”, Powell stated that the firm was taking a harder look at going public, especially when it comes to a direct listing.

“An IPO is looking a little more attractive in light of the direct listing’s performance”, said Powell. “I would say we’re looking at it more seriously now having the benefit of seeing how the direct public offering played out for Coinbase”.

Related Reading | Cardano: Kraken Launches ADA Staking, $2 Next Price Target?

Coinbase Struggling Since Direct Listing

In just a few short months, Coinbase has seen it’s initial valuation cut by roughly a third, going public at over $68B, to a present day valuation just shy of $48B. The company is nearly ten years deep in operations, and undoubtedly still feeling strong about it’s long-term successes. Additionally, the company is paving the way for other crypto-focused businesses to follow suit. However, the direct listing approach for the firm appears to leaving investors wary, and to Powell’s point, has likely been a “watch and learn” experience for some of the biggest public-facing crypto firms considering going public.

Since going public via direct listing in April, it's been a steady slide for Coinbase. | Source: $COIN-NASDAQ on TradingView.com

Can Kraken Crack The Code?

Despite the struggles seen from Coinbase shares, bolstered by a less than stellar earnings report debut, CEO Brian Armstrong saw the direct listing route as appropriate. Armstrong told CNBC in April that a direct listing was “more true to the ethos of crypto”.

Kraken’s Powell doesn’t quite see it the same way. “I think [Wall Street] is so tied up in the legacy way of doing things”, Powell said in his recent appearance. Nonetheless, Powell didn’t commit one way or another when it came to direct listing vs. IPO – but he did rule out one ‘hot’ public route: SPACs, or special purpose acquisition companies. SPACs have been an increasing topic and rumor-mill for emerging companies, such as crypto start-up Circle.

It remains to be seen what approach Kraken and other emerging crypto firms will take, but rest assured that they are paying close attention to the market forces at work.

Related Reading | Coinbase Banks On Dogecoin Listing To Revive Stuttering Fortunes

Featured image from Pixabay, Charts from TradingView.com
Tweet123Share196ShareSend
Taylor Scott
Taylor Scott

Taylor Scott

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Lower Bitcoin Dominance Reinforces Altcoin Strength — Here’s How

Bitcoin has been the undisputed leader of the crypto market, but the balance of power is starting to shift. Recent...

Godspower Owie 6 hours ago
Dogecoin

Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible

Crypto analyst XForce has revealed that the Dogecoin price just broke a regional high, following its reclaim of the $0.3...

Scott Matherson 7 hours ago
kryptowaluty przygotowują się na decyzję FED

Bitcoin i kryptowaluty przygotowują się na decyzję FED. Co dalej z rynkiem?

Nowy tydzień na rynku kryptowalut startuje pod znakiem niepewności. Wszystko za sprawą Rezerwy Federalnej USA, która już w środę, 17...

News BTC 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum eth

Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost

James Halver 2 hours ago
dogecoin-previsions-maxi-doge-heritier-crypto

Dogecoin Price Could See Another Double-Digit Surge This Week As These Developments Take Place

Sandra White 3 hours ago
etf-memecoins-etats-unis-reglementation-crypto

Les ETF memecoins aux États-Unis : quel impact pour la réglementation crypto ?

guillaumev 3 hours ago

Premium Sponsors

Press Releases

  • 5 kryptoměn, které je třeba sledovat v listopadu kvůli potenciálnímu růstu o 5 000 %

    5 kryptoměn, které je třeba sledovat v listopadu kvůli...

    2 hours ago
  • Kterou kryptoměnu koupit nyní | Nejlepší kryptoměny k investování v roce 2025

    Kterou kryptoměnu koupit nyní – Nejlepší...

    2 hours ago
  • 5 kriptovaluta koje treba pratiti u studenom zbog potencijalnog rasta od 5.000%

    5 kriptovaluta koje treba pratiti u studenom zbog...

    2 hours ago
  • Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17. září o úrokových sazbách

    Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17...

    2 hours ago
  • Najlepšie kryptomeny na investíciu v roku 2025

    Ktorú kryptomenu kúpiť teraz | Najlepšie kryptomeny na...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.