RIT Capital Partners has acquired a stake in crypto exchanges Kraken, according to Cointelegraph.
The website’s contributor Brian Quarmby said this could be a sign of Kraken preparing for a listing. The amount invested was not disclosed.
A potential listing would not be entirely surprising, given that Coinbase recently listed on NASDAQ. RIT Capital Partners is linked to the Rothschild banking family through chairman Jacob Rothschild.
Quarmby was citing director of investment companies sales at Numis Securities James Glass who said that the investment could pave the way to a potential listing. He said: “According to media reports, Kraken is considering going public through a direct listing in 2022, after seeing record trading volumes and new clients amid a surge in the price of Bitcoin.”
Kraken continues to be one of the main exchanges out there, and according to some, it may soon be just as big as Coinbase.
Based on information pulled from CoinMarketCap, Kraken transacted $2bn in the last 24 hours whereas Coinbase pulled in $3.9bn.