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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.
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."
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
