FILE PHOTO: Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Cryptocurrency exchange Kraken is set to raise $500 million in funding at a $15 billion valuation, The Information reported on Tuesday, citing people familiar with the matter.
A spokesperson for Kraken declined to comment on the report.
Cryptocurrency-focused companies have been attracting increased investor interest as the digital asset class benefits from regulatory clarity and growing institutional adoption.
This trend has also prompted several crypto firms, including custody startup BitGo and asset manager Grayscale, to pursue U.S. listings.
Kraken has been actively investing capital to expand into various asset classes and grow its user base.
In March, Kraken said it would acquire futures trading platform NinjaTrader in a $1.5 billion deal.
(Reporting by Pritam Biswas and Ateev Bhandari in Bengaluru; Editing by Leroy Leo and Mohammed Safi Shamsi)
