Kraken seeks $200-300 million funding that would value the crypto exchange at $20 billion

Crypto exchange Kraken is trying to raise more money that could make the company worth around $20 billion as it gets ready to go ￰0￱ funding isn’t done yet and depends on how the markets look, but it would bring in $200 million to $300 million from a big investor, according to someone who knows about the talks but didn’t want their name ￰1￱ comes after Kraken just raised $500 million and got valued at $15 ￰2￱ jump shows that private investors want to put more money into big crypto ￰3￱ company goes by Payward ￰4￱ and started back in 2011 out of Cheyenne, ￰5￱ this year, Kraken had only raised about $27 million ￰6￱ extra money would help Kraken fight better against Coinbase Global Inc., which is already public, and other big exchanges around the ￰7￱ just started letting people trade tokenized versions of stocks and exchange-traded ￰8￱ company keeps adding new stuff as it gets ready for its initial public ￰9￱ cryptocurrency industry’s major players are stepping up fundraising activities as US regulatory attitudes soften and mainstream adoption ￰10￱ digital asset companies are now accessing both private and public markets to expand their offerings, obtain necessary licenses, and prepare for possible public ￰11￱ picked Morgan Stanley and Goldman Sachs Group ￰12￱ handle its upcoming IPO, which should happen next year, according to people who know about ￰13￱ in March, Bloomberg News said Kraken wants to go public, maybe in the first quarter of next ￰14￱ big crypto companies are also trying to raise huge amounts Tether Holdings SA, the company behind the world’s biggest stablecoin, is looking to raise between $15 billion and $20 billion from investors in what could become one of the largest private funding deals ￰15￱ El Salvador-based firm wants to sell roughly 3% of its shares through a private placement, according to people familiar with the discussions.

However, one source warned that these figures represent best-case scenarios and the final amounts might be much ￰16￱ talks are still in early phases, and terms could shift as negotiations ￰17￱ involved were not permitted to discuss the matter ￰18￱ successful at the higher end, the deal would put Tether’s worth at around $500 ￰19￱ would place it alongside tech giants like OpenAI and Elon Musk’s SpaceX among the world’s most valuable private ￰20￱ achievement would be remarkable for a crypto business that operates with limited oversight, especially as competition grows and declining US interest rates could hurt its ￰21￱ Internet Group Inc., Tether’s main competitor in stablecoins, was valued at about $30 billion as of ￰22￱ funding would come from issuing new shares rather than current owners selling their ￰23￱ Fitzgerald is serving as the main advisor for the ￰24￱ CEO Paolo Ardoino confirmed on Wednesday on X that the company is considering raising money from major investors to expand operations across stablecoins, artificial intelligence, commodity trading, energy, communications, and ￰25￱ your project in front of crypto’s top minds?

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