Kraken is looking to raise more than $100 million, which may be completed by the end of this year, Bloomberg said.
There have been rumblings about Kraken's aspirations to go public for the last few years. The firm has been busy dealing with accusations brought last year by the U.S. Securities and Exchange Commission (SEC).
A spokeswoman declined to comment on the raise but mentioned, 'We are always exploring strategic paths towards Kraken's Mission: accelerating the global adoption of crypto.'
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