Bitcoin Hype Around Strategy Stock MSTR Cools Down – Kraken Wants to Go Public
The Bitcoin hype surrounding securities with BTC reference stamps like the stock of MicroStrategy is coming to an end. MicroStrategy reports a significant decline in profit. Meanwhile, the major U.S. crypto exchange Kraken is preparing for its IPO.
The crypto exchange Kraken is aiming to go public as early as 2024. This would make Kraken the second major U.S. crypto exchange to go public, after Coinbase. Kraken CEO Dave Ripley says he is pleased with Kraken’s growth and sees consolidation in the industry as a positive trend. However, parting ways with altcoins and BTC seems to be unavoidable.
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