Bitcoin stock exchange Kraken goes on investor hunt
I N V E S T M E N T
Kraken now offers shares in the company
The Bitcoin market probably also provides optimism for the big players. Only recently, the Bitfinex crypto exchange had raised one billion US dollars with a (controversial) token sale. Competitor Kraken also wants to tap into the general investment enthusiasm. Customers now have the opportunity to purchase shares of the time-honored Bitcoin stock exchange in the form of tokens typical of the scene. Kraken cooperates with the investment service provider Bank to the Future. The trading platform has already collected over eight million euros.
Kraken informed customers about the investment opportunity by e-mail. In addition, the Bitcoin exchange announced the sale of the shares on Twitter:
More than half of investment goal already achieved
Despite the Twitter announcement, the purchase of shares is ultimately not open to all investors. On the one hand, the minimum amount for investment is 1,000 US dollars (895.40 euros). According to Reddit Posting, US citizens must also have additional high assets. This is necessary to meet the requirements of the SEC.
Nevertheless, Kraken has already secured over eight million euros. According to the overview page, the money comes from 827 investors. Kraken aims to sell the shares to a total of 13.8 million euros. Investors still have time until 20 June.
What is Bank to the Future?
It is a crowdfunding platform founded in 2011 and registered on the Cayman Islands. It already supports many companies in the crypto sector. These include stock exchanges such as Coinbase, Bitfinex or Bithumb, but also other well-known blockchain projects such as Ripple. Bank to the Future focuses on the FinTech area.
If you want to invest, you register an account on the platform and undergo an identity check.
Kraken also trades Bitcoin Futures
The information page of Bank to the Future presents Kraken as one of the Bitcoin exchanges with the highest reach. According to this, Kraken has more than four million customers. The stock exchange turnover in 2018 is expected to have amounted to 85 billion US dollars.
In fact, Kraken recently made headlines with the acquisition of the platform of the future Crypto Facilities. However, the British company acquired the Bitcoin exchange for a record sum. Crypto Facilities trades Bitcoin futures and other crypto derivatives. However, the futures are only available to customers outside the United States.