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

Group 1 - Kraken is in advanced talks to secure fresh funding that could value the company at approximately $20 billion, with a potential commitment of $200 million to $300 million from a strategic investor [1][2] - This funding round follows a previous $500 million fundraising at a $15 billion valuation earlier this year, indicating growing investor interest in cryptocurrency firms due to clearer regulations and broader institutional adoption [2] - The trend of rising interest has led some crypto firms to go public, with successful market debuts from companies like Circle, Figure, and Bullish [3] Group 2 - Kraken, founded in 2011, is a major global crypto exchange that offers spot, margin, and derivatives trading, supporting over 200 assets and eight fiat currencies, serving more than nine million traders and institutions worldwide [3] - In March, Kraken announced plans to acquire retail futures trading platform NinjaTrader in a deal valued at $1.5 billion [4]