Kraken Preparing a Private Listing at $4 Billion Valuation
One of the most prominent crypto exchanges in the US, Kraken, is mulling over a private offering. The company sent an email out to its most prominent clients, which informs them about the investment opportunity.
According to the contents of the email, the customers of the crypto exchange are invited to fill out an online survey before they get additional information. Kraken underlines that it is not in need of financing, but given the crypto bear market and the company’s “significant reserves”, it sees opportunities for acquisitions.