Kraken is in discussions to raise $100 million for pre-ICO funding round before it goes public

According to a report from Bloomberg, Kraken, cryptocurrency exchange, is in discussions to raise funds in a pre-IPO fundraising round.

Kraken is considering this final funding round ahead of a potential initial public offering (IPO).

The exchange is targeting to raise over $100 million and aims to complete the fundraising by the end of this year.

This move comes amidst a current rally in the digital-asset market, which has sparked interest from potential investors.

Kraken plans to go public via direct listing like Coinbase did when Coinbase took the company to the IPO.