Kraken, a leading US-based cryptocurrency exchange, is planning to raise over $100 million in a final funding round ahead of a potential initial public offering (IPO) next year. This move is part of Kraken’s strategic preparations to capitalize on favorable market conditions and navigate regulatory challenges. The company is also seeking a prominent firm to join its board to strengthen its position for the IPO. Despite facing regulatory scrutiny, Kraken remains committed to expanding its operations and promoting global crypto adoption.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.