TechFlow News, January 27: According to The Block, Republic Europe has announced the launch of a Kraken-focused Special Purpose Vehicle (SPV), marking the first time European retail investors can gain indirect equity exposure to U.S.-based cryptocurrency exchange Kraken. Kraken is currently valued at approximately $20 billion and secretly filed its IPO application in November last year, preparing for a public listing. Reportedly, Kraken’s 2024 revenue reached $1.6 billion, representing a 138% year-on-year increase, with EBITDA totaling $421 million.
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