Bloomberg Kraken Aims to Raise Over 100 Million in Funding Before IPO

Rumors about Kraken going public have been circulating for the past few years. The company has been busy dealing with allegations brought by the U.S. Securities and Exchange Commission (SEC) last year, accusing it of operating an unregistered platform and mishandling customer funds. A spokesperson declined to comment on the financing round, but stated, “We have been exploring strategic paths to fulfill Kraken’s mission: to accelerate the global adoption of cryptocurrency. We will continue to focus our efforts on investing in this goal.”