US-based cryptocurrency exchange Kraken, which has over six million users, is exploring the possibility of holding and IPO next year, its CEO Jesse Powell has unveiled during an interview with Bloomberg.
Notably, the company CEO has said the trading platform is “doing all the prep work” and might go public in 12 to 18 months. He added:
“We’re on a mission to bring crypto to the world, and our valuation hopefully will be a reflection of our success in achieving that mission.”
The exchange, which is the fourth-largest crypto exchange in the world by trading volume according to CoinMarketCap, has been recently negotiating with several investors in order to receive additional funding, which would bring its valuation to more than $10 billion and even $20 billion.
When asked about a forecast for BTC, he has said that, in his opinion, the currency will hit a new all-time high already this year despite being far from the $60,000 it hit a few months ago.