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Kraken CEO Confirms Public Offering To Come If Over-Regulation Doesn’t Force The Platform ‘Out Of The Country’

Wed, 14 Apr 2021, 02:46 am UTC

Cryptocurrency exchange platform Kraken is working quickly to launch an IPO on the tail of competitor Coinbase, but CEO Jesse Powell told FOX Business’ "The Claman Countdown" that growing regulations are a potentially concerning obstacle.

"The U.S. regulators have historically been among the most severe internationally," he said. "We’re dealing with the SEC and the CFDC on a regular basis. They’re asking us to shut down products that they’re not able to shut down for international competitors. So they’re putting U.S. companies at a disadvantage."

Powell confirmed Tuesday that Kraken is looking to launch its public offering within the year, specifically in the second half of 2021, but it’s still "on the table" whether the platform remains a U.S. company or not.

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