Cryptocurrency change Kraken is alleged to be in talks for pre-IPO funding, Bloomberg reported, citing individuals accustomed to the agency’s plans.
Kraken is trying to elevate greater than $100 million, which can be accomplished by the top of this yr, Bloomberg stated.
There have been rumblings about Kraken’s aspirations to go public for the previous few years. The agency has been busy coping with accusations introduced final yr by the U.S. Securities and Change Fee (SEC) that it operated an unregistered platform and improperly blended buyer funds.
A spokeswoman declined to touch upon the elevate however stated, “We’re all the time exploring strategic paths in direction of Kraken’s Mission: accelerating the worldwide adoption of crypto. We stay totally centered on investing on this purpose.”
