As the cryptocurrency market continues to gain mainstream attention, Kraken, a leading exchange, is making moves to secure a $100 million funding round. This comes ahead of a potential initial public offering (IPO), with the company previously stating its intention to pursue a direct listing in 2021, following in the footsteps of Coinbase. With the potential for significant growth in the industry, Kraken's preparations for a potential IPO are garnering attention from investors and experts alike.