Sources familiar with the matter: Kraken's parent company, Payward, is raising funds at a $20 billion valuation.

According to a report by CoinDesk, Payward, the parent company of cryptocurrency exchange Kraken, is raising a new round of funding at a valuation of $20 billion. The specific amount and investors in this round have not yet been disclosed. Kraken is a globally renowned cryptocurrency exchange, and this valuation reflects the market's recognition of the value of its parent company's business.