As cryptocurrency trading continues to rise, exchange Kraken is in talks to raise funding, which would more than double its valuation to RM40.5bil. — Bloomberg
Kraken is in talks to raise new funding in a move that would more than double the cryptocurrency exchange’s valuation to more than US$10bil (RM40.5bil), according to a person familiar with the matter.
The San Francisco-based company, founded by Chief Executive Officer Jesse Powell in 2011, is in discussions with firms including Fidelity, Tribe Capital and General Atlantic, said people familiar with the matter, who requested anonymity because the talks are private. Terms, including lead investors, aren’t final, but Kraken’s valuation could surpass US$20bil (RM80.99bil) depending on demand, one of the people said.
Representatives for Kraken, Tribe Capital, General Atlantic and Fidelity declined to comment.
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