Kraken may introduce new strategic investors with a valuation of $20 billion and plans to raise $200-300 million

Cryptocurrency exchange Kraken is in talks for a pre-IPO funding round that could value the company at $20 billion. Bloomberg, citing anonymous sources, reports that the fundraising, which has not yet been finalized and remains subject to market conditions, would involve a strategic investor contributing between $200 million and $300 million. (Bloomberg)