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Kraken, a prominent cryptocurrency exchange, is gearing up for a potential IPO in 2025. According to Bloomberg News, Kraken plans to raise $100 million through a final funding round by the end of this year to support its IPO ambitions.

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The exchange is reportedly looking for a marquee company to join its board and help organize the IPO. While discussions with potential partners are ongoing, they have only involved verbal exchanges of terms and valuations without formal documentation.