04:02 PM EDT, 06/06/2024 (MT Newswires) -- Cryptocurrency exchange Kraken is mulling a final funding round before a potential initial public offering, buoyed by investor interest amid the current surge in the digital-asset market, Bloomberg reported Thursday, citing people familiar with the matter.

Kraken would likely seek to raise over $100 million in a pre-IPO round that is expected to be completed by the end of 2024, the people said, according to the report.

"We are always exploring strategic paths toward Kraken's Mission: accelerating the global adoption of crypto," Bloomberg quoted Kraken as saying in a statement while declining to comment on fund raising or an IPO.

Kraken didn't immediately respond to MT Newswires' request for comment.

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