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Crackon has been reported to raise half a billion dollars in funding in the $ 15 billion evaluation as the US Crypto has exchanged a possible public offer.
This information reported a $ 500 million funding plan on Tuesday, citing people familiar with the matter, Crackon received a final price of about $ 11 billion in 2022.
Bloomberg reported in March that the Crackon was targeting a public debut in the form of the first quarter of 2026, citing a more favorable regulatory environment under Trump Administration.
The company may look for a windfall between a receptated boom in the initial public offerings, which has so far given big money for trading platforms such as Etaro and Crypto StableCoin issuer Circle Internet Group.
According to Coingico, Crackon currently has about $ 1.37 billion in daily trading volumes and is listed more than 1,100 trading pairs. Its main-based rival is about half of the coinbase, with $ 2.77 billion and 448 trading pairs.
Crackon did not respond to cointelegraph’s request for immediate comments.
Crypto companies have great benefits
Crypto companies have seen major benefits this year as Bitcoin (BTC) has continued to hit a new height and investors are looking to come in contact with the sector.
The USDC (USDC) points, Circle, completed a public offer of $ 1 billion in early June and started trading for $ 31 on the New York Stock Exchange. It traded 484%, more than $ 181 on Tuesday.
The trading platform Etoro (Etor), which provides stock and crypto trading, began at $ 52 on NASDAQ in May and is up to $ 52 and exceeds 16.5%, which is final off at $ 60.71.
Meanwhile, the coinbase (coin), which became public in 2021, has been made 50% sensory at the beginning of the year. Stock business platform
More IPO than regulator green light
In view of the crypto-fruedly regulations, a public listing and a public listing Crack is the latest crypto company reporting a public listing to dismiss regulatory cases against crypto firms in the US.
The Securities and Exchange Commission dropped the lawnst of its long change against crackon in March, leaving one of the several complaints against Crypto companies under President Donald Trump.
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Other firms have been made public or have signed a public plan to go publicly, including Fintech firm Ripple, Crypto Excite Gemini, Digital Assets and Data Center Infrastructure Edlaxy Digital, Grassscale and Bulish, a Crypto Exchange supported by Peter Theal.
Crackon is expanding in Europe
In June, Crackon launched a colleague-S-Pier Payments app called “Crack”, which allows users to share and share cryptocurrency regardless of the country’s boundaries.
The firm also announced that it could now expand its proposals and pursue the European Union after obtaining a license under markets in Crypto-asset Framework in June.
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