Kraken Said To Be Raising New Funding At Over $10 Billion Valuation: Report

Crypto exchange-operator Kraken is reportedly seeking to rake in new cash from a raise that could value the firm above $10 billion.

As per Bloomberg News, the U.S. exchange is in talks to raise funds from firms including Fidelity, Tribe Capital and General Atlantic.

The report added that while the terms aren't final, the exchange could nab a valuation above $20 billion if there is high enough demand.

Coinness