Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of planned IPO

Payward, the parent company of cryptocurrency exchange Kraken, is seeking new funding at a valuation of $20 billion as it prepares for a planned initial public offering (IPO). The company aims to raise capital to bolster its growth and expand its operations in the competitive crypto market. This funding round comes as Kraken continues to navigate regulatory challenges and market fluctuations. The IPO is part of Payward's strategy to enhance its financial position and attract more investors.

Read the full article: CoinDesk