United States cryptocurrency exchange Kraken is offering equity to users in a fundraiser that raised over $6 million in its first day, statistics confirmed on May 21.
Kraken, which is one of the world’s oldest exchanges, is using Cayman Islands-based platform BnkToTheFuture to offer equity to vetted investors. These, it said in an accompanying marketing email seen by Cointelegraph, can be any Kraken user, subject to a minimum purchase of $1000.
At press time, Kraken had raised just over €6.04 million ($6.76 million) from almost 300 investors, taking it to two-thirds of its total investment goal of €9.13 million ($10.18 million).
The appetite for Kraken’s shares reflects the market optimism currently pervasive within cryptocurrency as bitcoin ( BTC ) continues its 2019 bull run.
On the BnkToTheFuture listing, Kraken described itself as having over four million clients, while 2018 volumes topped $85 billion.
“We are always looking for ways to democratize access to our equity, allowing more of our valued clients to become valued investors,” officials added in a Twitter post on May 20. The post noted: “To that end, we partnered with @BankToTheFuture to create an opportunity to invest in Kraken.” Kraken has sought to preempt the next wave of interest in crypto exchanges as competitor platforms — notably embattled Bitfinex — also seek to accrue funds.
Last week, the exchange argued against proposed crypto regulations in Canada , while CEO Jesse Powell has also been a vocal opponent of U.S. regulatory moves.The company has also sought to expand its presence internationally, acquiring United […]
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