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Kraken plans to raise more than $100 million ahead of IPO
2024-06-06 20:54
Odaily News Cryptocurrency exchange Kraken is in talks for pre-IPO financing, according to Bloomberg, citing people familiar with the company's plans. Kraken is seeking to raise more than $100 million, which is expected to be completed by the end of this year. There have been constant rumors about Kraken going public in the past few years. The company has been busy dealing with charges filed by the U.S. Securities and Exchange Commission (SEC) last year, accusing it of operating an unregistered platform and improperly mixing customer funds. A spokesperson declined to comment on the financing, but said: "We have been exploring strategic paths to achieve Kraken's mission: to accelerate the global adoption of cryptocurrency. We remain fully focused on investing in this goal."