Summary
- It was reported that Kraken had secretly filed for an IPO with U.S. securities regulators.
- It said it is proceeding with the IPO process via a confidential filing, so financial information and other internal matters are not disclosed.
- Industry sources said this IPO is a sign that Kraken's entry into the public market and global service expansion will accelerate.
Cryptocurrency exchange Kraken has been confirmed to have secretly filed for an initial public offering (IPO) with U.S. securities regulators.
According to on-chain data platform Unfolded on the 19th (local time), Kraken recently began the IPO process in the United States through a confidential filing. A confidential filing is a method that keeps financial information and internal company matters from being publicly disclosed during the listing preparation process.
This move is interpreted as a sign that Kraken is preparing to enter the public markets in earnest amid the rapid development of the regulatory environment in the U.S. Industry sources expect that, after listing, Kraken will narrow the gap with competing exchanges and accelerate its global service expansion.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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