Kraken offers equity to users
Kraken raises over $6 million daily by offering equity to users via BnkToTheFuture, reflecting bullish cryptocurrency market sentiment and Kraken's expanding global presence.
United States-based cryptocurrency exchange Kraken has successfully raised over $6 million in equity on its first day through the Cayman Islands-based platform BnkToTheFuture. This move allows vetted Kraken users to invest a minimum of $1000 in the exchange. As of May 21, Kraken has garnered €6.04 million ($6.76 million) from nearly 300 investors, achieving two-thirds of its €9.13 million ($10.18 million) goal. This fundraiser highlights the positive sentiment in the cryptocurrency market, driven by Bitcoin's ongoing bull run.
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Kraken, one of the world's oldest cryptocurrency exchanges, boasts over four million clients and reported $85 billion in trading volume in 2018. The exchange aims to democratize access to its equity, allowing more clients to become investors. This strategy comes as other exchanges, like Bitfinex, seek additional funds amidst regulatory challenges and market opportunities.
IPO CLUB is an investor in Kraken
Kraken has proactively expanded its international footprint, evidenced by its acquisition of UK futures provider Crypto Facilities. This expansion and the current fundraising effort underscore Kraken's position as a leading player in the cryptocurrency exchange market. Interested investors have until June 20 to participate in the equity offering.
Kraken
Kraken, founded in 2011 by Jesse Powell, is a prominent cryptocurrency exchange in San Francisco. It offers a secure platform for trading digital assets, including Bitcoin and Ethereum. Kraken is known for its robust security measures, comprehensive range of services, and commitment to regulations.
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Disclaimer
Private companies carry inherent risks and may not be suitable for all investors. The information provided in this article is for informational purposes only and should not be construed as investment advice. Always conduct thorough research and seek professional financial guidance before making investment decisions.
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