• Stellar Price Prediction 2021 – Will XLM Hit $1 Soon?

  • Major silver BBVA plans to increase stocks to expand Bitcoin trading service in Switzerland

  • XRP, Dogecoin, NEO Price Analysis: 18 June

  • ‘Confusion’ as Regulator Chimes in Amid South Korean Delisting Spree

  • This Little-Known Altcoin Surged Over 200% While Bitcoin Moved Sideways

  • Dogecoin Killer or Kin? How Shiba Inu Differs From DOGE

  • $LOF - 1.5M market cap - Small Unknown Gem with an ecosystem of utility planned including an NFT marketplace/Platform launch soon. April Summers Top model Co-founder

  • Why is Cardano open to ‘fixing’ Dogecoin’s ‘existential, ticking time bomb?’

  • How China Bitcoin FUD Is Lowering The Cost To Produce BTC

  • US Grayscale considers 13 new investment trusts Solana, Polygon, etc.

  • InvestDex.io - The most advanced All-In-One Crypto Trading Station

  • Cardano, Polkadot and Three Altcoins Are Technologically Superior to Ethereum, According to Weiss Ratings

  • LOW MCAP 🚀 $ALIEN Token 👽 | Audited ✅ | New generation of launchpad 🛸 DAPP incoming 👽 BSC GEM

  • Republican Congressional Committee to Accept Cryptocurrency Donations

  • Portugal Grants First Crypto Exchanges Operating Licenses

  • The Missing Ingredient From A Full On Bitcoin Reversal

  • Community reacts as Mark Cuban calls for regulations after getting ‘rugged’ on TITAN

  • 18 June

    Goldman Sachs Bitcoin Futures Trading, Liquidity Partnership with Galaxy Digital

  • Crypto market sheds another $100 billion as Bitcoin dips to $35,000

  • BotHunter 🤖 Eliminate Bots and Claim their Tokens | UNIQUE Concept

  • Bulls hesitate to buy the dip after Bitcoin price falls close to $35K

  • [email protected]_io is a #DeFi protocol for synthetic crypto assets. Want to know more? You'll have to read this👇 [academy.binance.com]

  • Crypto company CEO says the recent crypto boom brought increased adoption

  • “All The Way To $160K This Year” – Here’s Why Celsius CEO Is Upgrading His Bitcoin Price Target

  • $SLEEPYPANDA, Private Sale Finished in 10 seconds, Presale Sold Out Under 30 Seconds, Launch 6/19 4PM EST, Meme Platform App development

  • 💎$Diamondballs💎 Pancakeswap listing this Sunday 💎 $10.000 Giveaway💎

  • 4 Common Misperceptions About Ethereum’s EIP 1559 Upgrade

  • Stability, Long Term Profits, Developers and Community are One Team!

  • Bitcoin and Dogecoin ATMs Coming to Texas Grocery Giant H-E-B

  • 👑 $GB / $Blockchain Worlds ☀️ Microcap MMORPG game

  • 🍕🍟Carbs Fair Launch - Just Released! 🍕🌭🍟

  • Nornickel Launches Two Blockchain-Based Exchange Traded Commodities

  • Goldman Sachs Partners With Galaxy Digital For Bitcoin Futures

  • A 557% hike for Cardano – Is it possible?

  • Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

  • Джон Макафи потерял всю крипту | Grayscale рассматривает новые листинги

  • Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’

  • China’s crackdown on bitcoin mining has probably already made the network greener — for now

  • China Will Knock Out The U.S. In The Race For Crypto Adoption, Coinbase Co-Founder Asserts

  • Bitcoin Could ‘Very Well’ Surge Past $90,000 This Year, Crypto Investor Forecasts

  • 🍕🍟Carbs Fair Launch - Just Released! 🍕🌭

  • Dogecoin And XRP Note Steep Daily Transaction Volume Declines

  • Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

  • ($BTH) BotHunter 🤖 Claim Big Rewards for Hunting Bots | Unique Idea | Something New!

  • Bitcoin Whales Quietly Accumulate $3,380,000,000 in BTC in Less Than One Month: Report

  • 11 June

    Kraken Postpones IPO Due to Coinbase Failure

  • Load more
Fri, Jun 11, 2021 8:28 PM by The Coinshark

Kraken Postpones IPO Due to Coinbase Failure

Kraken Postpones IPO Due to Coinbase Failure? One of the largest American cryptocurrency exchanges Kraken decided to postpone the "publicity", looking at the "success" of Coinbase. The CEO of the exchange said this during an interview with Fortune. Jesse Powell, who previously reported that his exchange is seriously considering an IPO before 2022, has now expressed doubts about this. Instead of listing directly, the Kraken team is looking at a more traditional IPO approach. That being said, back in the winter, Powell argued that they could follow in Coinbase's footsteps with a direct listing. But then he was not obsessed with the preliminary assessment of the exchange. Powell was apparently equally embarrassed by the results of Coinbase, which was valued at $68.1 billion and then collapsed to $47 billion today. This happened as a result of a drop in the value of COIN shares from $328 after listing on the NASDAQ to $223.73 at the moment. Thus, since its appearance on the stock exchange, COIN “sank” by 31.85% in less than two months. Now CEO Kraken believes that his colleagues made a fatal mistake by choosing the “procedure” of direct listing to achieve “publicity”. Powell suggested that in the case of an IPO when investment banks are in a position to control the price of shares, their value remains more stable than in the case of a direct listing. Especially considering that in the course of the latter, the market itself determines the price, and shareholders can sell the company's securities, which also affects their value due to the increased supply. The head of Kraken noted that he still intends to list shares of the exchange on the stock market in 2022. He also did not change his attitude towards the option of a merger with another company, immediately discarding it due to the scale of the exchange. By that time, according to Powell, institutional investors will begin to trust the industry even more, and Kraken himself will be able to conduct a more detailed analysis, having studied all the pitfalls, having before his eyes a not very successful example in the form of Coinbase. Subscribe to our Telegram, Twitter and Facebook to be the first to know the news of cryptocurrencies! This review is not an advertisement or a recommendation to action, but merely an informational one. The publisher and the author are not responsible for your decisions.

Read full