Crypto exchange Kraken has partnered with Bnk to the Future in organising a private sale of their company stock. Kraken is one of the oldest fiat gateways worldwide (founded in 2011) and is still one of the leaders in the space. The US-based exchange is ranked top 5 in legitimate volume with more than 4 million clients over 200 countries.
This is not going to be a public offering and thus will be a great opportunity for ‘selected’ enthusiasts that have already been approached. Kraken CEO Jesse Powell confirmed that a small number if clients. The sale will be limited but the exact sum they need to acquire to announce that the campaign is successful in uncertain. This will all depend on the public interest.
Bnk to the Future started offering Kraken stock on May 20th to registered users. The minimum investment amount is $1,000 and the offer will continue until June 20th.
A Bnk to the Future account is necessary for participation. Interested parties who already have one can directly visit the Kraken offering page where the platform can navigate users through the investment procedure, including all accreditation and compliance verification steps.
The email sent to investors further explains the rationale behind the decision:
“We’re profitable and sitting on significant reserves so fundraising is not a necessity, however, further aligning interests with our top clients while building a war chest for acquisitions in the bear market presents a win-win opportunity.”
The sale has already commenced, and public information about performance should be available soon.