The crypto exchange operator is pursuing a new fundraising round as it ramps up acquisitions across derivatives and stablecoins while laying the groundwork for a future public listing. Payward, Kraken’s parent company, is raising capital at a $20 billion valuation, according to sources. The firm has accelerated its M&A push with recent acquisitions, including derivatives exchange Bitnomial and stablecoin company Reap. Payward, the parent company of crypto platform Kraken, is raising new capital…
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