Bloomberg News reported that Kraken, amidst the market environment of rising token prices, may raise over $100 million in funding during the pre-IPO financing round as investors shift towards the cryptocurrency market. It is rumored that if Kraken decides to raise more funds, this financing round could be completed before the end of this year.
In a statement on Thursday, Kraken stated, “We have always been exploring strategic paths to fulfill Kraken’s mission: to accelerate global adoption of cryptocurrencies. We remain fully committed to achieving this goal.”
Furthermore, sources informed Bloomberg News that Kraken plans to launch an IPO as early as next year. To achieve these plans, the exchange hopes to incorporate a prominent institution into its board of directors.
