Kraken goes public in 2022
Today we will tell you about a fairly popular, but still little-known digital project – the Kraken company. Representatives of the organization said that they plan to start operating on stock platforms. That is, in simple terms, the company will start issuing its own digital assets on currency exchanges. So let’s figure out what Kraken is and what every active user of the crypto industry needs to know about it. So, without further ado, let’s get started.
About company
First, let’s tell you what is known about this company. The Kraken platform is a digital marketplace that deals with digital asset transactions. That is, Kraken is a currency exchange. But, like Binance, this platform intends to develop its own token and release it on competing sites. This is a rather unusual strategy, which will obviously take time for the company to implement.
First, the company plans to raise funds for development. Kraken is set to launch a second round of funding, during which, like Coinbase, the site will raise enough capital to quietly launch an internal coin. In addition, Kraken plans to actively distribute its own securities in the classic format. The platform is at the level where it can safely enter the stock market and not be afraid of lack of attention. Indeed, there are many really paying users among the audience of the site. Who will be happy to consider the assets of their favorite organization.
In the first quarter of 2021 alone, the exchange recorded $ 160 billion in turnover. The number of registered users is also growing steadily, opening up new horizons for the exchange. And new locations to launch their offices. With proper funding, Kraken is set to expand internationally by opening offices in other countries. This is a fairly long process, but, nevertheless, it is unambiguously useful and has an extremely positive effect.
Should we use Kraken?
Having learned a lot about the platform, the interested user probably wondered whether to start using this resource in his own work. The answer is unequivocal: yes, of course. Kraken is a unique combination of a bold, daring and at the same time businesslike approach to its own work with obvious technological merits. The platform is distinguished by an uncompromising design, accessible for beginners, and good tools.
Anyone can easily master this tool, one has only to start. But, of course, at this stage of development, Kraken cannot compete with the mastodons of the digital market. So far, this is not a serious alternative to Binance, Bitfinex and similar platforms. However, it is quite possible that soon we will see a change in the leaders of the industry. This is a multi-month process that, perhaps, begins today. It remains only to follow the changes in market priorities and other news from the cryptoindustry.
Conclusion
At the moment, Kraken is extremely dependent on cryptocurrency rates. The creators of the project themselves, in particular the chief director of the company, who said that the platform is very happy about the excitement of digital currencies, speaks about this. Indeed, for beginner sites, a change in value means an increase in the pace of trade. And this is certainly important, but over time, Kraken will learn to attract the audience to the calmest segments of price charts.
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