Kraken, a cryptocurrency exchange, is considering a pre-IPO funding round of over $100 million. The company has received inquiries from potential investors amid the current crypto market rally. Kraken is expected to have revenue between $1 billion and $2 billion this year. The funding round may be completed by the end of 2024, with a potential IPO in 2025. The company has been expanding its offerings, including the acquisition of TradeStation Crypto and the introduction of Kraken International. Kraken's CEO emphasized the company's commitment to accelerating global crypto adoption and investing in this goal.