26 Feb, 2021

Cryptocurrency firm Kraken looks to double valuation with new funds – Bloomberg

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By Shreya Tyagi


Cryptocurrency exchange platform Payward Inc., which operates as Kraken Digital Asset Exchange, is in discussions to raise new funding, Bloomberg News reported Feb. 25, citing people familiar with the matter.

The move would more than double the company's valuation to over $10 billion. The company is in talks with Fidelity, Tribe Capital and General Atlantic, the report added.

Sources told the publication that depending on demand, Kraken's valuation could top $20 billion. Representatives for Kraken, Tribe Capital, General Atlantic and Fidelity declined to comment to the news outlet.


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