Kraken invites investors to purchase …

Kraken invites investors to purchase …

Kraken invites investors to purchase their shares in the amount of $ 1,000

Cryptocurrency exchange Kraken on Monday evening sent out a letter to its clients in which it announced “a rare but limited opportunity for large and small investors to become owners of its shares.” Initially, the offer was perceived by many as spam, but later the exchange confirmed the accuracy of the information provided in the letter..

To realize this opportunity, Kraken began to cooperate with the Bnk to the Future platform, which, starting May 20, has been offering registered users to purchase preferred shares of the crypto exchange. The minimum investment amount is $ 1,000. The sale of shares in this way will be carried out until June 20. Bank cards and transfers, as well as Bitcoin and Ethereum are offered as payment methods..

While Kraken itself does not have any special requirements for investors, on the Bnk to the Future platform they will have to learn that to invest in the company they will need to have the appropriate account level, for example, be an accredited investor with a fortune of over $ 1 million and income in excess of $ 200,000. Fortunately, self-verification is provided for advanced investors, where, by answering a few simple questions, the user can get the required status.

Kraken invites investors to purchase ...

Investments through Bnk to the Future are made in so-called special purpose companies (SVPs), which, on the one hand, protects investors from negative effects as a result of a possible bankruptcy of the holding company, and on the other hand, allows organizers to hide a number of details, including significant financial information. As Investopedia notes, the infamous Enron Corporation abused SVP until it collapsed.

At the end of last year, Kraken already attempted to attract funding from private investors with a minimum investment of $ 100,000 when valuing its business at $ 4 billion. Then the exchange stated that it did not need funding for operating activities, but saw significant opportunities for expansion, with the purpose of which she organized the investment round. Kraken acquires crypto-derivatives platform Crypto Facilities in February.

Kraken invites investors to purchase ...

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