PANews reported on October 23rd that Reuters reported that Apollo Global Management, Oppenheimer, Jane Street, and HSG, formerly Sequoia Capital China, all participated in the latest funding round for the cryptocurrency exchange Kraken, citing sources familiar with the matter. This round values Kraken at $15 billion. Fortune magazine reported last month that Kraken had raised $500 million, but Reuters disclosed the identities of these major investors and financial industry participants for the first time. One source stated that Qube Research & Technologies, Kraken's co-CEO Arjun Sethi, and Tribe Capital, the venture capital firm co-founded by Sethi, also participated in the round, paving the way for Kraken to go public in the coming months.

Kraken expects to confidentially file a registration statement for its initial public offering (IPO) with the SEC before the end of the year and aims to go public in the first quarter of next year, one of the sources added, though it’s unclear how the U.S. government shutdown might affect that timeline.