Kraken Said to be Raising Over $100M Pre-IPO Funding: Bloomberg

Kraken is looking to raise more than $100 million and this may be completed by the end of this year, Bloomberg reported.

AccessTimeIconJun 6, 2024 at 5:38 p.m. UTC
Updated Jun 6, 2024 at 5:40 p.m. UTC

Cryptocurrency exchange Kraken is said to be in talks for pre-IPO funding, Bloomberg reported, citing people familiar with the firm’s plans.

Kraken is looking to raise more than $100 million, which may be completed by the end of this year, Bloomberg said.

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  • There have been rumblings about Kraken’s aspirations to go public for the last few years. The firm has been busy dealing with accusations brought last year by the U.S. Securities and Exchange Commission (SEC) that it operated an unregistered platform and improperly mixed customer funds.

    A spokeswoman declined to comment on the raise but said, "We are always exploring strategic paths towards Kraken's Mission: accelerating the global adoption of crypto. We remain fully focused on investing in this goal."

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    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.


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