| According to a report by Bloomberg on Thursday, the U.S.-based cryptocurrency exchange is currently in discussions with Fidelity, Tribe Capital, and General Atlantic to raise an unknown sum.|
According to figures cited in the report, if approved and agreed upon, the new funding could more than double the company’s $4 billion valuations to around $10 billion.
As reported by Coindesk, the report also cites people close to the matter who have requested anonymity due to concerns about the deal’s secrecy.
In 2019, Kraken raised $13.5 million in a financing round that saw over 2,000 participants buying in. The move pushed the exchange’s valuation above the $4 billion mark.
Changpeng Zhao, the founder and CEO of Binance, the world's largest cryptocurrency exchange, and one of the world's biggest crypto billionaires, owns nothing except...