Cryptocurrency Exchange Kraken is known to have completed $ 500 million in financing with $ 15 billion. The repayment is growing rumors that the exchange is preparing IPO (IPO).
Financial financing was related to the participation of various companies and investors and no chief investors.
Kraken raised $ 500 million from potential IPOs.
Kraken raised $ 500 million in an evaluation of $ 15 billion in speculation on the growth of the initial competition. The funds were first reported by Fortune’s reports and cited sources close to negotiations. The report also said there was no lead investor in the financing round and closed according to Kraken’s conditions. Participants in the financing round included venture capital firms, investment managers and Krakeen Co-ceo Arjun Sethi and invested through his Tribe Capital Fund. Sethi joined Krake as a co -CEO following the federal investigation into the role of non -profit organizations based on Sacramento in 2022 by co -founder Jesse Powell.
Powell resigned Dave Ripley and named his successor. However, this exchange announced last year the appointment of Sethi as a joint CEO. Seti is responsible for Kraken’s growth last year.
The documents are still holding
Kraken has not yet submitted an official document on the public list. But some actions of the exchange match the company that prepares IPO. However, the S-1 registration statement has not yet been submitted to the US Securities and Exchange Commission (SEC). The S-1 registration statement is necessary before the US public proposal. Kraken is one of the oldest exchanges in the cryptocurrency market and was released in 2013. According to the data from CoinmarketCap, the exchange is one of the top 15 global cryptocurrency exchanges and has been dealt with about $ 1.9 billion in trading volume.
IPO obsession with encryption
Kraken’s public proposal occurs while encryption companies are being released. Winklevoss Brothers-Founded Exchange, Gemini, has recently been released and has granted more than 20 times during the NASDAQ debut. The exchange raised $ 425 million in the NASDAQ debut, and the market capitalization has increased to $ 2.8 billion since its release. Meanwhile, the USDC publisher circle completed a $ 1 billion IPO in June, and stocks surged 167% on the opening day. The figure technology solution, a blockchain -based lending agency, also made an impressive debut, and the market cap has risen more than $ 8 billion since its market cap is released.
Crypto Custodian Bitgo has submitted a S-1 registration document to the SEC. The company plans to list class A common stock on the New York Stock Exchange.
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