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Stock impact report

Crypto exchange Kraken confirms it has confidentially filed for an IPO [CNBC]

Gemini Space Station, Inc. - Class A (GEMI) 
Company Research Source: CNBC
The crypto exchange's valuation has fallen to about $13.3 billion from $20 billion reported in November, per reports. Less than a month ago, Kraken froze its IPO plans amid a crypto winter that pushed the price of bitcoin down to 40% below its October record. Kraken is one of the world's largest crypto exchanges. Kraken co-CEO Arjun Sethi said Tuesday that the crypto exchange has confidentially filed for a U.S. initial public offering, confirming CNBC's previous reporting on the matter Sethi's comments were made at the Semafor World Economy conference in Washington, D.C., the website reported. The executive said Kraken strives to make advanced trading strategies typically reserved for professional investors available to individual investors, according to Semafor The crypto exchange has reportedly lost more than $6 billion in its valuation. Earlier on Tuesday Bloomberg reported that Deutsche Börse Group has committed to investing $200 million in Kraken in exchange for a 1.5% Show less Read more
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