Bitcoin
Crypto Exchange Kraken Is in Talks for Pre-IPO Fundraising Round
Krakenone of the oldest cryptocurrency exchanges, is considering raising a final round of funding ahead of a possible initial public offering, after receiving inquiries from potential investors during the current digital asset market rally, according to people familiar with the matter.
The exchange would likely seek to raise more than $100 million, one of the people said. With cryptocurrencies once again on the brink of all-time highs and a perceived shift in US regulatory pushback against digital assets, companies in the sector are receiving renewed interest from investors and reviving talks about going public. Robinhood Markets Inc. Kraken Inc. said on Thursday it will acquire cryptocurrency exchange Bitstamp Ltd. Kraken has talked about doing an initial public offering since at least 2021.