KrakenCEO: Given Coinbase's performance, the company will reconsider its IPO plans.

According to the Cointelegraph, after Coinbase shares have declined since its launch on April 14, Kraken co-founder and CEO Jesse Powell is rethinking Kraken's first public offering in late 2022. In today's interview, Jesse Powell said that given the downfall of Coinbase, the company is voting on a "heavier" IPO as it hopes to avoid any issues that may arise directly on the names. “We will be looking at the market over the next semester and deciding how it goes public,” said Powell.