Jesse Powell, the famous among crypto enthusiasts CEO of the Kraken crypto exchange stated in an interview with Fox Business that the firm could abandon the United States due to the strengthening of crypto regulation. In his words, the management of the website contemplates the UAE, Great Britain, and Japan as alternative headquarters locations. In October 2020, the exchange restarted trading in Japan following a two-year pause.
Jesse Powell also revealed that Kraken shares could see a direct listing on NASDAQ already this year. The exchange will probably go public in the second half of 2021, he alleged. Until not long ago, the company scheduled a direct listing of its stocks in the next year.
Kraken represents one of the first-born crypto exchanges in the world, being founded in 2011. According to CoinMarketCap data, the website positions fourth place in the world ranking of the biggest crypto exchanges in terms of transaction volume.
The first crypto exchange to be publicly traded on the stock market is Coinbase. This has happened yesterday, April 14th. Coinbase has handed out 100 shares of the firm to each of its associates.
We remind that in another recent interview with CNBC Jesse Powell noted that regulation of the crypto industry can cause a lot of unwarranted damage to the sector.
