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- Kraken would be in talks with a strategic investor for an agreement assessed the company at $ 20 billion.
- This would mark a considerable increase compared to its latest evaluation of $ 15 billion after a financing cycle of $ 500 million.
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Kraken, an exchange of cryptocurrency preparing for an IPO in 2026, is in talks with a strategic investor at an evaluation of $ 20 billion, Bloomberg reported today.
Discussions represent a significant leap in the recent Kraken financing round of $ 500 million which estimated the company at $ 15 billion. This round included the participation of Tribe Capital, with the CEO Arjun Sethi personally investing to support the expansion of the scholarship before its planned public offer.
Kraken said $ 411 million in revenue in the second second quarter and $ 80 million in post-Ebitda profits, which marked an 18% increase on income from one year to the next. The exchange has also acquired Ninjatrader for $ 1.5 billion to improve its tokenized asset offers and EU SME banks under Mica regulations.
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