Kraken Raises $500M at $15B Valuation, Fuels IPO Speculation

Kraken, a U.S.-based cryptocurrency exchange, has reportedly closed a $500 million funding round, reaching a valuation of $50 billion. The raise, which had participation of Arjun Sethi, co-CEO of Kraken, and Tribe Capital, a venture capital firm founded by Sethi himself, has fueled speculation about Kraken going public soon. Kraken Closes $500M Funding Round Successfully, []