TechFlow news, according to Bloomberg citing sources familiar with the matter, cryptocurrency exchange Kraken is in talks for a pre-IPO funding round. Kraken is seeking to raise over $100 million, with the deal expected to be completed by the end of this year. In recent years, there have been ongoing rumors about Kraken going public. The company has also been occupied with addressing allegations brought by the U.S. Securities and Exchange Commission (SEC) last year, accusing it of operating an unregistered platform and improperly commingling customer funds.
A spokesperson declined to comment on the fundraising but stated, "We are constantly exploring strategic paths to fulfill Kraken's mission: accelerating the global adoption of crypto. We remain fully focused on investing toward this goal."
