Rumor has it that Kraken is preparing for listing to raise 1 billion yuan and potentially launch IPO as early as next year

Rumor has it that Kraken is preparing for listing to raise 1 billion yuan and potentially launch IPO as early as next year

Rumor has it that Kraken is preparing for listing to raise 1 billion yuan and potentially launch IPO as early as next year

Bloomberg reported, citing informed sources, that Kraken may raise over $100 million in its pre-IPO financing round as investors are shifting towards the cryptocurrency market amid rising token prices. It is alleged that if Kraken chooses to raise more funds, the financing round could be completed before the end of this year.

In a statement on Thursday, Kraken said, “We have been exploring strategic paths to achieve the mission of Kraken: to accelerate the global adoption of cryptocurrencies. We remain fully focused on achieving this goal.”

Furthermore, the sources also informed Bloomberg that Kraken plans to launch an IPO as early as next year. In order to fulfill these plans, the exchange hopes to bring a “big-name” institution onto its board of directors.