The cryptocurrency market is increasingly embracing traditional financial norms, a development that may have dismayed Bitcoin's mysterious creator, Nakamoto. As crypto becomes more entwined with mainstream markets, its original philosophy is evolving. While some may lament this shift, others see it as a necessary step forward.

Kraken exchange is poised to take a significant leap in this direction, with reports indicating it is readying for a public offering. Following in the footsteps of Coinbase, Kraken aims to capitalize on the growing appetite for crypto investments. According to sources, the exchange is seeking a final funding round before going public, targeting over $100 million in investments.

This move comes as competition in the crypto exchange market heats up, with Robinhood's recent acquisition of Bitstamp for $200 million. Kraken has been working towards a public offering since 2021, and the easing of regulatory pressure from the US administration may finally allow it to achieve this goal. As the crypto landscape continues to evolve, Kraken is determined to secure its place in the market.

In conclusion, Kraken's public offering marks a significant milestone in the crypto industry's embrace of traditional finance. While this shift may stray from Nakamoto's original vision, it signals a new era of growth and mainstream acceptance for cryptocurrencies.