Kraken IPO, M&A deals to reignite crypto's 'mid-stage' cycle: fund manager

Kraken IPO Revitalizes Crypto Market

Kraken's pending IPO and the wave of crypto companies looking to go public are garnering attention. This shift could usher in new capital to the industry, as highlighted by a fund manager. There's an expectation that traditional finance (TradFi) capital influx may lead to mid-term growth. Moreover, Kraken's IPO could have a ripple effect on other crypto firms, increasing their visibility in the equity markets as more companies follow suit. This resurgence might reignite investor interest and serve as a positive indicator of the industry's maturity. Such developments are closely related to subsequent M&A activities, becoming a key growth factor for companies in the sector. An environment conducive to the advancement of the crypto industry is forming, compelling investors to keep a close watch on these trends.