Cryptocurrency exchange, Kraken, is planning to raise $500 million in funding, a move that could push its valuation to $15 billion, according to a report published Tuesday.
What Happened: Kraken, America’s second-largest cryptocurrency trading platform, is preparing for a major funding round, tech and business-focused media company The Information reported, citing sources familiar with the matter.
A Kraken spokesperson declined to comment on the report.
The development follows a series of events that have shaped Kraken’s trajectory. In March, reports emerged that the company was planning an initial public offering as early as the first quarter of next year, capitalizing on improved …