Kraken could raise more than $100 million in a Pre-IPO funding round as investors turn to cryptocurrencies amid rising token prices, Bloomberg reported, citing people familiar with the matter. It is said that if Kraken ultimately chooses to raise more funds, the financing round may be completed before the end of this year.

Kraken said in a statement on Thursday:

"We have been exploring strategic paths to achieve Kraken's mission: to accelerate the global adoption of cryptocurrency. We remain fully focused on achieving this goal."

In addition, people familiar with the matter also told Bloomberg that Kraken plans to launch an IPO as soon as next year. In order to realize these plans, the exchange reportedly hopes to add a "big name" institution to its board of directors.

This article Kraken is rumored to be preparing for an IPO: It will raise 100 million mg and launch an IPO as soon as next year. appeared first on Zombit.