🚀💼 $100 MILLION FUNDING ROUND for KRAKEN 2025 IPO 💼🚀click here to claim Free USDT 🔥🔥🔥🔥
Kraken, a major cryptocurrency exchange, is preparing for a possible IPO in 2025. Bloomberg News reports that Kraken plans to raise $100 million by the end of this year to support its IPO plans.
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🔍 Seeking Strategic Partnerships:
Kraken is looking for a high-profile company to join its board and help with the IPO process. These discussions are still in early stages with no formal agreements yet.
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Kraken hasn't officially confirmed the IPO but is focused on promoting global crypto adoption.
📈 Previous Speculations:
Rumors about Kraken going public have been around since February 2021, with initial valuations around $10 billion. In March 2021, Kraken's co-founder Jesse Powell suggested this valuation was low. The IPO was expected in 2022 but didn't happen.
💹 Funding and Market Position:
According to Crunchbase, Kraken has raised over $30 million in more than 20 funding rounds. The exchange is looking for both private and public funding to strengthen its market position and support its projects.
⚖ Legal Challenges:
Kraken's IPO plans face obstacles due to legal issues with the U.S. Securities and Exchange Commission ($BTC SEC). In November 2023, the SEC sued Kraken for allegedly operating as an unregistered securities exchange.
🌟 Why it's exciting news:
This is a historic event as a crypto exchange moves towards an IPO, raising awareness and supporting mass adoption of cryptocurrency. Kraken and Jesse Powell have significantly contributed to the crypto industry from the start.
