Kraken may introduce new strategic investors with a valuation of $20 billion and plans to raise $200-300 million

Odaily Planet Daily reported that cryptocurrency exchange Kraken is in talks for pre-IPO financing, which could bring its valuation to $20 billion.

Bloomberg, citing anonymous sources, said: "The financing plan, which has not yet been finalized and remains subject to market conditions, will be between $200 million and $300 million from a strategic investor." (Bloomberg)