Kraken Said to Be in Talks for Pre-IPO Fund Raising Round

Kraken, one the oldest cryptocurrency exchanges, is considering raising a final funding round ahead of a possible initial public offering after receiving inquiries from potential investors during the current digital-asset market rally, according to people familiar with the matter.

The exchange would likely seek to raise more than $100 million, one of the people said. With cryptocurrencies on the verge of all-time highs again and a perceived shift in a US regulatory pushback against digital assets, companies in the sector are receiving renewed interest from investors and reviving talks of going public. Robinhood Markets Inc. said Thursday it will ...