Kraken is one of the world’s largest cryptocurrency exchanges.
Tiffany Hagler Geer | Bloomberg via Getty Images
Kraken has secretly filed to go public in the U.S., a person familiar with the matter told CNBC on Wednesday.
A Kraken spokesperson declined to comment on the timing of the plan.
Kraken is the latest cryptocurrency company to attempt to enter the public market since President Donald Trump returned to the White House. virtual currency trading platform strong and gemini space station listed their shares on major stock exchanges in August and September, respectively. And in June, stablecoin issuers circle It raised just over $1 billion in a major IPO.
The resurgence of IPOs in the United States this year has led to a boom in cryptocurrency-related listings.
Founded in 2011, Kraken is a US-based platform that facilitates trading of digital assets such as: Bitcoin and ether. It also offers tokenized stock trading to customers within the European Union.
Kraken recently raised $800 million at a valuation of $20 billion, including $200 million from Citadel Securities, the company announced in a statement Tuesday. In addition to building its payment services, the company plans to use these funds to expand its business in overseas markets.
