Kraken Raises Over $100M Ahead of Potential IPO

Cryptocurrency exchange Kraken is reportedly seeking to raise over $100 million in pre-IPO funding. This is part of the company's aspiration to go public, which has been circulating for several years. Despite facing accusations from the U.S. Securities and Exchange Commission (SEC) last year, Kraken remains focused on accelerating the adoption of cryptocurrency. The funding round is expected to be completed by the end of this year.