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Kraken Makes Limited Time Offer to Buy Its Shares – for Accredited Investors Only

  • Yuri Molchan
    📰 News

    One of the ⬆top crypto exchanges, Kraken, now allows investors to enlarge their portfolio through buying its shares during a limited time period🕐


Kraken Makes Limited Time Offer to Buy Its Shares – for Accredited Investors Only
Contents

On Monday, Kraken exchange sent its customers a letter in which it offered them an opportunity to purchase its privileged shares. The period for buying Kraken’s stocks will last from May 20 until June 20.

The community initially took the message to be spam, however, later on Kraken confirmed that the email and the offer are real.

Kraken partners with Bnk to the Future

To make this plan come true, Kraken has struck a partnership with the Bnk to the Future platform. The latter offers registered users to buy privileged shares of the crypto exchange before June 20. The minimum investment amount is $1,000.

Investors are welcome to transfer funds for purchasing through bank cards or bank wire transfers, as well as pay with Bitcoin and Ethereum.

Special terms for investing

In its email, Kraken does not set any special requirements for potential investors. However, the terms set forth by Bnk to the Future are much more rigorous. To invest in Kraken stock, investors must be accredited, have a net worth of at least $1 mln, and their income has to be over $200,000.

However, investors can conduct their own verification by answering a few questions, and this will allow users to get the required investor status.

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Not the first fundraising attempt by Kraken

In late 2018, Kraken already attempted to raise money from private investors, offering them a minimum of $100,000 to invest, while evaluating its own business to be worth $4 bln.


Back then, the exchange said that it does not need extra funds for financing its operations. However, since there were visible opportunities for expanding, they decided to start the fundraising.

Cover image via 123rf.com
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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