Kraken in talks to raise funds at $20 billion valuation, Bloomberg News reports

(Reuters) -Crypto exchange Kraken is in advanced talks to secure fresh funding that could value the company at about $20 billion, Bloomberg News reported on Friday. The funding would include a commitment of $200 million to $300 million from a strategic investor, the report said, citing a person familiar with the discussions. A spokesperson for Kraken declined to comment on the report. The deal, which is subject to market conditions, would follow the company's $500 million fundraising round at a $15 bill ...