Competitors Coinbase and eToro are already barreling toward multi-billion dollar listings on the public markets.
What was behind the Ethereum flash crash on Kraken? We dive deep into the numbers to find out.
"We are certainly on track though $10 billion dollars is a low valuation," said Powell. "I wouldn't be interested in issuing shares at that price."
If approved and agreed upon, the new funding could more than double the company's $4 billion valuation to around $10 billion.
The outage only lasted a few hours and affected wire transfers that were in the process of being settled or were in the queue.
Cryptocurrency exchanges Gemini and Kraken reported delays in automated clearing house and FedWire transactions due to the outage.
The GameStop saga highlighted the "middleman" issues with services like Robinhood. But the data shows crypto exchanges have their own problems.
Jesse Powell suggested an ether whale might have "decided to dump his life savings."
Kraken said ether's price saw a "sharp" downward movement on Monday.
Kraken Ventures will operate autonomously, with financial backing from the exchange.
Binance, Coinbase, Gemini and Kraken are all having technical difficulties under heavy trading load.
Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
Spillover from market drama on Wall Street is crippling U.S. crypto exchanges.
The ether rally appears to be more organic and driven from within the crypto industry.
Kraken's biggest-ever expansion of trading pairs is aimed at growing its presence in the two promising markets.