{"id":80532,"date":"2024-06-06T15:44:29","date_gmt":"2024-06-06T19:44:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80532"},"modified":"2024-06-06T15:44:33","modified_gmt":"2024-06-06T19:44:33","slug":"kraken-reportedly-prepares-for-funding-round-ahead-of-possible-ipo","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/kraken-reportedly-prepares-for-funding-round-ahead-of-possible-ipo\/","title":{"rendered":"Kraken Reportedly Prepares for Funding Round Ahead of Possible IPO"},"content":{"rendered":"\n

Kraken cryptocurrency exchange<\/a> is purportedly contemplating a funding round to generate over $100 million for the company in anticipation of a potential initial public offering (IPO).<\/p>\n\n\n\n

\"Kraken
Kraken Reportedly Prepares for Funding Round Ahead of Possible IPO<\/figcaption><\/figure>\n\n\n\n

Kraken was contemplating a funding round anticipated to generate over $100 million by 2025, according to a Bloomberg report on June 6 that cited individuals with knowledge of the situation. <\/p>\n\n\n\n

The exchange reportedly stated that it was “consistently investigating strategic pathways” to promote global crypto adoption<\/a>, but it did not provide any specific information regarding a prospective IPO.<\/p>\n\n\n\n

In November 2023, the U.S. Securities and Exchange Commission (SEC) filed a civil lawsuit against Kraken. The regulator alleges that Kraken violated U.S. securities laws by operating as an unregistered exchange and “making a business decision to reap hundreds of millions of dollars from investors.”<\/p>\n\n\n\n

In 2021, Coinbase became the first cryptocurrency exchange to list its stock on the Nasdaq and go public in the United States. Kraken had previously stated that it would pursue a public offering through a direct listing rather than a special-purpose acquisition company if it did so before Coinbase's IPO.<\/p>\n\n\n\n

Despite the SEC's scrutiny, Robinhood, a stock trading app\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, has announced its intention to acquire Bitstamp, a crypto exchange, in a $200 million transaction. The agreement could be finalized in the first half 2025 if regulators sanction it.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kraken cryptocurrency exchange is purportedly contemplating a funding round to generate over $100 million for the company in anticipation of a potential initial public offering (IPO). Kraken was contemplating a funding round anticipated to generate over $100 million by 2025, according to a Bloomberg report on June 6 that cited individuals with knowledge of the […]<\/p>\n","protected":false},"author":12,"featured_media":63116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1975,1145,1671],"class_list":["post-80532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-funding-round","tag-ipo","tag-kraken"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-106.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80532"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63116"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}