Crypto Exchange Kraken May Go Public

Crypto exchange Kraken may go public. The exchange reported that it could be offered to the public in 12-18 months.

Kraken, one of the world's leading cryptocurrency exchanges, announced that it could be offered to the public in 12-18 months. Jesse Powell, the founder of the stock exchange established in San Francisco in 2011, told Bloomberg International that the company is in the process of preparing for an IPO, but did not specify any target for valuation. Jesse Powell said, “We are on a mission to introduce cryptocurrencies to the world, and I hope our valuation will be a reflection of our success in this mission.” Kraken is seeking new funding and its valuation is estimated to be in excess of $10 billion or $20 billion, according to sources with knowledge of the matter. With more than 6 million customers in 190 countries, Kraken is the fourth largest cryptocurrency exchange in the world, according to Coinmarketcap's trading volume.