Kraken eyes $20 billion valuation in new funding round
Crypto exchange Kraken is trying to raise more money that could make the company worth around $20 billion as it gets ready to go public.
The funding isn’t done yet and depends on how the markets look, but it would bring in $200 million to $300 million from a big investor, according to someone who knows about the talks but didn’t want their name used.
This comes after Kraken just raised $500 million and got valued at $15 billion. The jump shows that private investors want to put more money into big crypto companies.
The company goes by Payward Inc. officially and started back in 2011 out of Cheyenne, Wyoming. Before this year, Kraken had only raised about $27 million total.
The extra money would help Kraken fight better against…
