Crypto exchange operator Kraken reportedly raising up to $300M in new funding
Kraken is reportedly in talks to raise between $200 million and $300 million in funding at a $20 billion valuation.
Bloomberg today cited a source as saying that the capital would be provided by a single “strategic investor.” The report comes a day after Fortune revealed that Kraken had raised $500 million earlier this year. According to the paper’s sources, the round valued the company at $15 billion.
Kraken, officially Payward Inc., operates a crypto exchange with more than 9 million users. Customers can trade in cryptocurrencies and other digital assets such as xStocks, financial instruments the company introduced in June. Kraken offers several dozen xStocks that each track the share price of a different company or…
