As IPO rumors swirl, Kraken secures $500M funding at $15B valuation: Report
The reported funding round comes amid earlier indications that the crypto exchange is preparing for a potential public offering.
Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial public offering (IPO).
The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co-CEO Arjun Sethi. The source claimed that Kraken closed the round earlier this month.
When contacted by Cointelegraph for confirmation, a Kraken representative declined to comment.