Crypto Firm Kraken Said to Seek Roughly $10 Billion Valuation

From bnnbloomberg.ca

Kraken is in talks to raise new funding in a move that would more than double the cryptocurrency exchange’s valuation to about $10 billion, according to people with knowledge of the matter. The San Francisco-based company, founded by Chief Executive Officer Jesse Powell in 2011, is in discussions with firms including Fidelity, Tribe Capital and General Atlantic, said one of the people, who requested anonymity because the talks are private. Terms, including lead investors, aren’t final, and it’s possible the valuation may surpass $10 billion in this round. Representatives for Kraken, Tribe Capital, General ... (full story)