Crypto:
30253
Bitcoin:
$66.106
% 0.13
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.106
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

Kraken Considers $100M Pre-IPO Funding

Kraken

Based on reports Thursday from Bloomberg citing individuals familiar with the situation, Kraken is thinking about launching another funding round since it perhaps sights an initial public offering.

In a pre-IPO round, the crypto exchange may bring in north of $100 million as investors migrate to the market following a surge in token values, sources told Bloomberg. One source who talked with the publication said that should Kraken decide to raise more money, the round may be finished before the end of the year.

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We are always investigating strategic paths towards Kraken’s mission: accelerating the global adoption of crypto,” Kraken stated Thursday in a statement. “We still entirely concentrate on funding this goal.”

Sources told Bloomberg that Kraken intends to go public right away next year. Apparently, the exchange aims to recruit a “marquee” company onto its board in order to fulfill those goals.

The surge in investor interest in the exchange indicates the most recent indication of investors starting to warm up to the crypto sector. Data from The Block shows that since the start of this year, over $5.6 billion has been invested into crypto businesses.

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